Dudley Building Society has cut rates by up to 1.3% across its residential, BTL and specialist mortgage ranges.
These changes have been made with immediate effect.
This has seen BTL five-year fixed-rate mortgages reduced by 70bps to 5.1%.
Elsewhere, expat BTL five-year fixed-rate mortgages have been cut by 44bps to 5.15%.
As part of the changes, Dudley has aligned a number of its five-year fixed products to new end dates of 30 April 2031, while also updating ERC structures across the range.
All five-year fixes feature a stepped ERC profile of 4%, 3%, 2%, 1%, 1%, while two-year fixes and discounts include ERCs of 3%, 2% and 2%, 1% respectively.
“We have focused on areas where pricing could be sharpened, while also bringing more consistency across end dates and product structures,” said Paul Purewal, head of intermediary relations at Dudley Building Society (pictured above).
“What we hear time and again is that clarity matters just as much as rate.
“By keeping the range straightforward and aligned, brokers can spend less time explaining the detail and more time supporting their clients, whether they are placing a core case or something more specialist.”
