From tomorrow, Tuesday 28th November, Principality Building Society will update its mortgage acquisition product range.
In its residential acquisition range, the society has decreased rates across selected 75% loan-to-value (LTV) products by up to 0.22%, 90% LTV products by up to 0.14% and 95% LTV products by up to 0.23%.
In its buy-to-let (BTL) range, Principality reduced selected 60% LTV products by 0.15%, 70% LTV products by 0.15% and 75% LTV products by 0.10%.
The products will continue to hold February end dates and all previous codes will be removed from sale this evening, Monday 27th November, at 8pm.
The new rates will come into effect from 9am tomorrow morning.
Nicholas Mendes, mortgage technical manager at John Charcol, said: “Despite swaps ending the week slightly up, good to see Principality making another weekly repricing following the previous one on the 20th of November.
“This latest repricing brings the higher loan-to-value (LTV) products closer to the 5% benchmark.”
