Principality cuts rates

Ryan Bembridge

December 1, 2017

Principality Building Society has cut residential and buy-to-let product rates.

Wales’ largest building society has cut 3 and 5-year fixes at 65% loan-to-value by between 0.15% and 0.25%.

The society has also reduced fixed rates at 75% LTV, 85% LTV and 90% LTV.

On buy-to-let the society has cut 2-year discount rates at 60% LTV by 0.15% and 3-year fixed rates at 75% LTV by 0.15%.

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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