On Friday 15th September at 9am, Principality Building Society will make price changes across its on-sale acquisition mortgage range.
The society informed brokers that it would reduce rates across selected 2-year and 3-year fixed rates from 75% to 95% loan-to-value (LTV) in its residential range.
In addition, Principality will also decrease rates across its holiday let 5-year fixed rate 60% and 75% LTV products by up to 0.23%.
All previous product codes will be removed from sale tomorrow, Thursday 14th September at 8pm.
Nicholas Mendes, mortgage technical manager at John Charcol, said: “Principality is the latest lender to revise rates following a reduction in swaps in recent days.
“It’s encouraging to see lenders repricing and making their mortgage rates slightly more competitive – a despite the prospect of a further base rate increase of 0.25% on the 21st of September.”
