The mutual has also reduced rates across its holiday let retention range by up to 0.55%. Holiday let two-year fixes now start at 5.95%, and 5.89% for a two-year discount, both up to 60% LTV. Two-year fixed expat residential and BTL retention rates have seen reductions of 0.45% and now start at 6.15% up to 70% LTV.

All products come with no arrangement fee, and Dudley Building Society pays a procuration fee of 0.25% to intermediaries for all existing customers switching products.

“Product transfers are increasingly popular at the moment and can offer a quicker, easier, and cheaper option for brokers’ clients compared to remortgaging,” said Robert Oliver (pictured), distribution director at Dudley Building Society.

“These latest reductions mark our third set of rate cuts this year and follow substantial reductions across our new borrower mortgage range just last month. These cuts, alongside our flexible and manual underwriting approach, position us well to serve both new and existing specialist mortgage customers.”

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