Dudley Building Society, Zephyr Homeloans and Atom Bank have cut interest rates by up to 110 basis points on residential, buy-to-let and expatriate products.
The latest repricing sees Dudley Building Society offering the biggest discounts, while Zephyr Homeloans has cut all sales Fixed rates by 15 basis points, and Atom Bank cut interest rates across its prime mortgage range by 15 basis points.
Dudley Building Society has announced major cuts to its residential, buy-to-let and expatriate mortgage ranges, cutting interest rates by up to 110 basis points.
The changes, which take effect from June 19, apply to both purchase and remortgage situations.
They include two and five-year fixed rate products, discounted mortgages, residential interest only options, and selected buy-to-let and expatriate products.
Among the most notable cuts is the community’s five-year fixed rate residential mortgage at 75% loan-to-value (LTV), which was reduced from 6.20% to 5.1%.
Its two-year residential fixed-rate fixed-rate product at 75% LTV has been reduced from 6.3% to 5.38%, while its five-year residential fixed-rate-only fixed rate at 75% has been reduced from 6.3% to 5.4%.
In the buy-to-let segment, the five-year fixed rate community mortgage at 80% LTV has been reduced from 6.4% to 5.63%, while the five-year expatriate buy-to-let product with a 70% fixed rate has been reduced from 6.3% to 5.68%.
The lender has also reduced interest rates on several residential remortgage products, including the five-year fixed rate mortgage at 60% LTV, which is now available at 4.9%, down from 6%.
Alongside the price cuts, Dudley Building Society has recently increased the maximum loan size available for selected residential products to £1.5 million, providing greater flexibility for borrowers with larger financing requirements.
Zephyr Homeloans has reduced all of its fixed rate products by 15 basis points.
Following the changes, the lender’s two-year fixed rates now start at 2.99%, while five-year fixed rates start at 4.69%.
Prime rates are available with a 7% product fee, although brokers can choose from a range of fee options starting at 0% to suit individual client requirements.
Revised rates are available across Zephyr Homeloans’ buy-to-let mortgage range and are now available on the lender’s website and sourcing systems.
Meanwhile, Atom Bank has reduced interest rates across its prime mortgage range by 15 basis points, with the cuts applying to all products up to 95% LTV, including charging and no-fee options.
The cuts take effect immediately and average rates now start at 5.29% for a two-year fixed rate mortgage up to 85% LTV with a £900 charge.
