Dudley Building Society has announced reductions of up to 0.39% across its discounted rate mortgage products, alongside the launch of a range of new five-year fixed rate products.
The largest reduction is to a residential expat two-year discounted product at 60% LTV, down to 5.70%. In addition, a buy-to-let expat two-year discount at 70% LTV is reducing by 34bps to 5.85% and a holiday let expat two-year product is down by 24bps to 5.95%.
Alongside these reductions, the Society has also expanded its mortgage offering with the introduction of new five-year fixed products across residential, buy-to-let, and holiday let lending.
Residential five-year fixed rates have launched at 5.28% up to 75% LTV and 5.34% at 90% LTV. Buy-to-let and holiday let products are also available at 5.38% up to 80% LTV.
All new products come with loan sizes ranging between £25,000 and £1 million.
This latest update follows Dudley’s recent rate reductions across its mortgage retention products in January, which included rate cuts of up to 0.40%, the introduction of new discounted rate products, and an expansion of its interest-only options.
Robert Oliver, distribution director at Dudley Building Society, commented: “At Dudley Building Society, we recognise the complexities of specialist lending and are on hand to provide competitive options that align with broker requirements.
“We continue to listen to brokers and respond to market demand with solutions that help them support their clients effectively. These new mortgage products, particularly the reductions in our expat and buy-to-let discount ranges, are designed to offer more value and flexibility for borrowers in niche markets."
