Principality cuts 5-year fixes

Ryan Bembridge

October 28, 2016

Principality Building Society has cut 5-year fixed rate mortgages – with rates now starting from 2.20%.

Mortgages are from 65% to 85% loan-to-value and all come with no product fees and free standard valuations.

Shaun Middleton, head of regulatory sales, said: “We’ve noted an increasing broker sentiment towards longer term fixed products which is why we’ve made reductions to our five year residential fixed rates.

“We appreciate that for most people their largest single monthly commitment is their mortgage and these longer term products will help people to better control their finances.”

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