Principality makes rate cuts

Mortgage Introducer

May 15, 2017

Principality Building Society has made rate cuts across three of its fixed rate residential mortgages.

Wales’ largest building society has cut 2-year fixes to 65% loan-to-value from 1.60% to 1.55% and to 75% LTV from 1.70% to 1.60%.

The society’s 75% LTV 5-year fix has been cut from 2.15% to 2.05%.

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Shaun Middleton, Principality’s head of regulated sales, said: “We love helping our customers prosper in their homes and we hope reducing rates on three of our fixed residential mortgage products will allow more to do so.

“This will also provide our intermediaries with greater opportunity to speak with clients and discuss their mortgage requirements further.”

The society lends across England and Wales and accepts up to four people per mortgage application using all four incomes.

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