You are here: cherry > Press releases for October 2023 > Dudley BS reduces interest rates by up to 1.85% across their mortgage product range

13 October 2023

Dudley Building Society has reduced rates across their existing mortgage product range by an average of 0.8%. In addition to this, they have reintroduced two year fixed rate products for both residential and expat applicants.

The Society reduced rates across their existing residential, expat, BTL, holiday let and self-build ranges. They have also introduced tiered LTV products to their ranges, to allow applicants with lower LTVs to benefit from lower interest rates.

The reintroduced range of two year fixed rate products includes three residential products with maximum LTVs of 60%, 80% or 90%. Their two year fixed rate residential product with a maximum LTV of 60% offers a rate of 6.29%. They also now offer two new products for expat residential applications, with maximum LTVs of either 60% or 85%. Their expat product with a maximum LTV of 60% has a rate of 6.80%.

Their product fees remain the same across their product ranges – with fixed fees between £499 and £999 for all applicants, regardless of loan size.

Speaking about the changes, Robert Oliver, Distribution Director at the Society, commented “At the Society, we are dedicated to ensuring that our mortgage offering remains competitive within the market for our valued intermediary partners. We made the decision to reduce rates across our entire product range to enable us to offer better value to applicants across our specialist lending areas. We also want to ensure that applicants with lower LTVs can access reduced interest rates, so we have introduced tiered LTV products across our ranges.”

“We recognise the importance of offering fixed rate products as the market continues to change, which is why we felt it was so important to reintroduce our residential and expat two year fixed rate products. We are a lender that serves a range of complex applicant needs, and we hope that this refresh of our product range allows us to continue to work with valued partners to support their clients to achieve their homeowner aspirations.”