Principality cuts 5-year fixes

Ryan Bembridge

June 13, 2017

Principality Building Society has cut three 5-year fixed rate mortgages – as its 75% LTV product now costs 2.10% after being slashed by -0.15%.

The society has also cut its 65% LTV rate to 1.95% (-0.10%) and its 85% LTV rate to 2.30% (-0.15%).

The mortgages come with no product fee and a £155 discharge fee.

Shaun Middleton, head of regulated sales, said: “We’re seeing more customers moving towards longer-term products and have therefore reduced our 5-year fixed rates to help our customers prosper in their homes and to provide our intermediaries with additional opportunities to engage with their clients to talk about their mortgage requirements.”

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