This includes its Skilled Worker visa five-year fixed rate mortgage at 90% loan to value (LTV), which has been reduced by 0.15% to 5.55%.
This product was launched last month.
Elsewhere, the five-year fix at 75% LTV has been cut by 0.5% to 5.1% and the equivalent at 90% LTV has been reduced by the same amount to 5.2%.
All products are available with a £999 arrangement fee and support loan sizes from £25,000 – up to £1.5m for Skilled Worker visa cases and £1m on residential applications. Capital and interest repayment is available across the range.
Overpayments of up to 10% are allowed each year without penalty.
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Across its Skilled Worker visa range, Dudley Building Society will consider applicants with at least 12 months’ UK residence and a minimum of 12 months left on their visa. They will also need an income of at least £30,000 and be able to borrow up to 90% LTV.
Gifted deposits are accepted up to 50% with applications considered from any country of origin and across a range of professions.
Rob Oliver, distribution director at Dudley Building Society, said: “We wanted to start the year strongly and… cutting five-year fixed rates by up to 50 basis points provides borrowers with significant savings immediately.
“These changes also give brokers something practical to take into conversations early in the year, particularly where clients are weighing up longer-term stability.
“At the same time, making a reduction on our recently launched Skilled Worker visa range reflects the level of demand we continue to see for these cases and the need for competitive options that brokers can place.”
Principality BS adjusts pricing
Principality Building Society has made pricing changes across its mortgage range, with both cuts and increases.
The mutual has reduced rates by as much as 0.05%, such as the two-year fixes at 65% LTV.
Meanwhile, fee-free two-year fixes at 75% LTV have been reduced by 0.02%, as have fee-free two- and three-year fixes at 80% and 85% LTV.
Principality Building Society has cut its cashback incentive two-year fixed rate products at 75% LTV by 0.03%, while across its joint borrower sole proprietor (JBSP) range, two-year fixes at 75%, 80%, 85% and 90% LTV have been reduced by 0.02%.
Selected rates have risen, such as the fee-free five-year fix at 65% LTV, which is up by 0.02%, as well as the five-year fix at 85% LTV with a £1,395 fee, which has risen by the same amount.
Principality Building Society has increased the cashback incentive two-year fix at 65% LTV by 0.02%, and the two-year fixed Help to Buy Wales product at 75% LTV by 0.05%.
Within its buy-to-let (BTL) mortgage offering, five-year fixed rates at 60% LTV have been increased by 0.02%, by up to 0.06% at 70% LTV, and by 0.05% at 75% LTV.
