Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.

Dudley Building Society Cuts Rates Across Mortgage Products

Dudley Building Society has announced reductions of up to 100 basis points across its residential, buy-to-let, holiday let, and expat mortgage ranges. The new rates apply to both purchase and remortgage cases and include selected two-year and five-year fixed rate products, as well as discounted products.

Highlights from the updated range include a residential expat two-year fixed at 85% loan-to-value (LTV), now available at 5.50%, down from 6.50%. The residential expat five-year fixed at 75% LTV is also now 5.50%, reduced from 6.50%. For standard residential mortgages, the two-year discount at 90% LTV is now 5.40%, down from 6.15%.

In the buy-to-let sector, the two-year fixed at 80% LTV is now available at 5.50%, reduced from 6.30%. For holiday let mortgages, the two-year fixed at 80% LTV is now 5.55%, also down from 6.30%.

These changes may be relevant to letting agents and inventory clerks working with landlords and property investors, as the new rates could impact affordability and mortgage options for clients seeking to purchase or remortgage residential, buy-to-let, or holiday let properties.