The most substantial reduction will be seen in the residential two-year interest-only fixed rate, which will drop from 6.49% to 5.69% for loans up to 75% LTV. The Residential Interest-Only Discount for Term rate will also be reduced to 5.99% for loans up to 75% LTV.
The BTL two-year fixed rate will start at 6.15% for loans up to 80% LTV, and the BTL Discount for Term rate will be lowered to 6.25% for loans up to 80% LTV. Similarly, the two-year holiday let fixed rate will drop to 6.15% for loans up to 80% LTV, with the Holiday Let Discount for Term rate decreasing to 6.25% for loans up to 80% LTV.
For expat mortgages, the residential two-year fixed rate will be reduced to 6.25% for loans up to 75% LTV and to 6.35% for loans up to 85% LTV. The expat BTL two-year fixed rate will now be 6.35% for loans up to 80% LTV. The expat two-year fixed holiday let rate will also be lowered to 6.35% for loans up to 80% LTV.
The Eco Self-Build Discount for Term (Arrears) rate will be reduced to 6.34% for loans up to 80% LTV. The society will lend up to £1.5 million across its expat residential range and up to £1 million across its expat BTL and holiday let range, as well as its self-build products.
Dudley Building Society, which slashed interest rates across its range of mortgages for expats and self-build mortgages last month, accepts applications from a wide range of countries and over 160 currencies, and can accept income from both foreign currencies and GBP.