Dudley Building Society has updated to its range of mortgage retention products.
The update includes rate reductions of up to 0.40% on existing retention products, the introduction of new discounted rate products, and an expansion of its interest-only options.
With rates starting at 4.99% and available up to 95% LTV, the products provide flexible options for borrowers looking to secure a better deal while continuing their relationship with the society.
The reductions include a two-year Fixed at 5.09% (previously 5.49%) at 65% LTV; a two-year Fixed at 5.24% (previously 5.59%) at 75% LTV.
New discounted rate products include a two-Year discount at 5.24% (65% LTV); and a two-year discount at 5.34% (75% LTV).
Also five-year fixed products of 4.99% at 60% LTV and 5.14% at 75% LTV
All retention products have no arrangement fees and allow borrowers to overpay up to 10% of the balance annually without penalty.
Alongside its retention range update, Dudley has also introduced a new suite of further advance products, designed to give existing borrowers access to additional funds while staying with the society. With rates starting at 5.44% and available up to 80% LTV.
Co-operative Bank for Intermediaries has also confimed rate cuts.
For new business residential, selected two, three and five-year fixed products have been reduced by up to 0.43%.
For the lender’s professional mortgage, selected two- year fixed products have been reduced by 0.3%.
Co-ops help to buy (Welsh scheme only), selected two-year fixed products have been cut by up to 0.8%.
For rentention residential, selected two and three year fixed products have been cut by up to 0.33%.
