Principality cuts rates on holiday let range

Michael Lloyd

October 22, 2019

Principality Building Society has cut its holiday let range rates by 0.10%.

All products come with a free standard valuation, fee assist legals for remortgages and have no product or commitment fees.

Pablo Ivars Marchena, mortgage product manager at Principality, said: “We’ve reviewed our range and have further improved the pricing on all of our holiday let products, including our recently launched discount holiday let range.

“We’ve been working closely with our broker partners to ensure we remain competitive, while helping them offer the best products to their clients.”

At 60% LTV there is a 2.50% 2-year fix, a 2.95% 5-year fix, a 2-year discounted mortgage priced at 2.35% and a 2.80% 5-year discounted mortgage.

All of these have a maximum loan value of £750,000.

Meanwhile at 75% LTV there is a 3.05% 2-year fix, 3.35% 5-year fix, a 2-year discounted mortgage at 2.90% and a 3.20% 5-year discounted mortgage.

The maximum loan amount for these mortgages are £500,000.

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