Dudley Building Society has reduced its mortgage rates by as much as 0.45% due to falls in swap rates.
Products now include 2-year fixes to 90% loan-to-value at 3.29% (was 3.69%), 3-year fixes to 80% LTV at 2.74% (was 2.99%) and 5-year fixes to 80% LTV at 2.94% (was 3.39%), all for purchase and remortgage.
Jonathan Moore, head of credit at Dudley Building Society, said: “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.”