Principality launches new mortgage acquisition range

As of tomorrow, Wednesday 6th March, Principality is set to launch a new mortgage acquisition product range.

The society will be reintroducing 75%, 80% and 85% loan-to-value (LTV) products, while, at the same time, withdrawing 75%, 80% and 85% LTV discount mortgage products.

The lender will also be increasing the rates across its Select 90% LTV products by up to 0.34%, and its Select 95% LTV products by up to 0.30%.

In its buy-to-let range, Principality will be increasing its Select 60% LTV product by 0.05%, its Select 70% LTV by 0.05%, and its Select 75% LTV product by 0.05%.

For holiday lets, the lender will be decreasing its Select 60% LTV product by 0.02%, as well as increasing its 5-year 75% LTV product by up 0.01%.

All previous product codes will be removed from sale tonight, Tuesday 5th March at 8pm.

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