You are here: cherry > Press releases for April 2024 > Dudley Building Society reduces mortgage rates by up to 0.35%

22 April 2024

Dudley Building Society has reduced rates on a selection of its fixed and discounted rate Expat and Self-Build mortgages.

Two-year fixed expat residential mortgage rates now start at 6.45% for loans up to 60% LTV and from 6.55% for loans up to 85% LTV.

Two-year fixed Buy-to-Let (BTL) expat mortgages now begin at 6.55% for up to 70% LTV and 6.65% up to 80% LTV.

Expat holiday let two-year fixed rates have also been reduced to 6.55% up to 70% LTV and 6.65% up to 80% LTV.

The Society will consider applications from a wide range of countries and in over 160 currencies and can accept income from one foreign currency plus income derived in GBP.

The Society has also lowered rates across its Self-Build mortgage range.

The 2.40% Self-Build Discount for Term (Advance) rate has been reduced to 6.84% up to 80% LTV, while the 2.50% Self-Build Discount for Term (Arrears) rate has been lowered to 6.74% up to 80% LTV.

The 2.60% Eco Self-Build Discount for Term (Advance) rate has reduced to 6.64% for loans up to 80% LTV, while the 2.70% Eco Self-Build Discount for Term (Arrears) rate has been reduced to 6.54% for loans up to 80% LTV.

The Society will lend up to £1.5m across its Expat residential range and up to £1m across its Expat BTL and holiday let range, as well as its Self-Build products.

Robert Oliver, Distribution Director at Dudley Building Society, said:

“We are delighted to offer brokers access to cheaper Expat and Self-Build mortgages with these latest rate reductions.

“Brokers can be confident that they will receive a flexible and personalised approach to underwriting when submitting mortgage applications to us. We look forward to assisting even more Expat and Self-Build borrowers with our latest rate reductions.”