Principality cuts mortgage rates

Mortgage Introducer

May 2, 2017

Principality Building Society has cut a selection of mortgage rates across its residential, buy-to-let, affordable housing and Help to Buy Wales ranges.

All residential discounted products have been reduced by 0.15%, some 3-year fixes by 0.20%, 90% LTV fixed rates by 0.10% and affordable housing products by 0.50%.

Some buy-to-let products have been cut by 0.10%, as its range starts from 2.2% to 60% loan-to-value with no fee and 2.00% with a £895 fee.

Meanwhile Help to Buy Wales products have been cut by over 1% to be brought in line with equivalent 75% LTV residential products.

Shaun Middleton, head of regulated sales, said: “We are reducing our 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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