Dudley Building Society passes on swap rate bonus

28 September 2016

Dudley Building Society has announced a further reduction to fixed rate residential mortgages for purchase and remortgage by as much as 0.45% on certain products.

Recent reductions in swap rates have enabled the Society to further reduce rates, which have been passed on to new borrowers and those requiring a remortgage.

Features include : -

• 2 year fixed rates up to 90% LTV now at 3.29% (was 3.69%) Purchase & Remortgage
• 3 year fixed rates up to 80% LTV now at 2.74% (was 2.99%) Purchase & Remortgage
• 5 year fixed rates up to 80% LTV now at 2.94% (was 3.39%) Purchase & Remortgage

Jonathan Moore, Head of Credit at Dudley Building Society, commented, “This has to be very good news for purchasers and customers seeking a remortgage. At Dudley Building Society we like to think that not only do we provide a great service to partners and their customers but that we are also quick to reduce mortgage costs when we have the opportunity. In this case, we are delighted to be able to make some substantial reductions in rates, particularly on our five year fixed rate product.”