Principality is set to launch an updated mortgage acquisition product range on Wednesday, 25th October at 9am, featuring a series of rate reductions across both residential and buy-to-let products.
In the residential mortgage category, rate cuts will be made across a variety of loan-to-value (LTV) products.
Specifically, select 75% LTV products will see rates cut by up to 0.18%, 80% LTV products by up to 0.20%, and 85% LTV products by up to 0.25%.
Additionally, select 90% LTV products will experience rate cuts of up to 0.20%, while 95% LTV 5-year products will be reduced by up to 0.10%.
The 75% Help to Buy Wales 2-Year product and 90% Joint Borrower Sole Proprietor (JBSP) 2-year product will also see reductions by 0.25% and 0.20% respectively.
Turning to the buy-to-let mortgage category, rate reductions are also on the cards. Principality is decreasing the rates of select 60% LTV products by 0.12%, and the 60% LTV 5-year Holiday Let product will see a rate cut of 0.15%.
