Principality Building Society is set to revise its acquisition mortgage products, introducing rate reductions across various loan-to-value (LTV) brackets for both residential and buy-to-let mortgages.
In the residential mortgage sector, the rate reductions include a decrease of up to 0.34% on select 75% LTV products, up to 0.20% on select 85% LTV products, up to 0.26% on select 90% LTV products, and up to 0.21% on select 95% LTV products.
The buy-to-let mortgage changes feature a decrease of 0.10% on a select 60% LTV product and a decrease of 0.09% on a select 75% LTV product.
The move comes as lenders continue to revise rates, earlier today HSBC announced its latest repricing with others widely expected to follow suit this week.
