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

Dudley Building Society Cuts Mortgage Rates by Up to 100bps

Dudley Building Society has announced reductions of up to 100 basis points across its residential, buy-to-let (BTL), holiday let, and expat mortgage ranges. The changes affect a variety of fixed and discount products at different loan-to-value (LTV) levels.

The residential expat two-year fixed mortgage at 85% LTV has been reduced by 100 basis points, moving from 6.5% to 5.5%. Similarly, the residential expat five-year fixed mortgage at 75% LTV has also been cut by 100 basis points, now standing at 5.5% from a previous 6.5%.

For standard residential borrowers, the two-year discount product at 90% LTV has been lowered by 75 basis points, dropping from 6.15% to 5.4%.

In the buy-to-let sector, Dudley Building Society’s two-year fixed mortgage at 80% LTV has been reduced by 80 basis points, with the rate now at 5.5%, down from 6.3%. The holiday let two-year fixed mortgage at 80% LTV has also seen a reduction, falling by 75 basis points from 6.3% to 5.55%.

These rate changes may be of interest to UK letting agents and inventory clerks, as they could impact landlord and investor activity in the residential and holiday let markets.