Effective from tomorrow (Friday 20th September), Principality Intermediaries will introduce a series of rate reductions across its mortgage range.
These changes will affect both residential and cashback mortgage products at various loan-to-value (LTV) tiers.
For residential mortgages, Principality will be lowering rates on its 2-, 3-, and 5-year fixed mortgages across various LTV levels.
Borrowers opting for a 65% LTV mortgage will see rates decrease by up to 0.18%, while those choosing a 75% LTV product will benefit from reductions of up to 0.20%.
Homebuyers seeking an 80% LTV mortgage will experience the most significant savings, with rates falling by as much as 0.25%.
Principality is also cutting rates on its Joint Borrower Sole Proprietor (JBSP) mortgages, a product designed to help buyers by allowing multiple people to contribute to the mortgage without being joint owners of the property.
The 75% LTV JBSP mortgages will see rate reductions of up to 0.17%, while 80% LTV JBSP mortgages will drop by as much as 0.25%.
Principality is also making changes to its residential cashback mortgages.
The lender will reduce rates on both 2- and 5-year fixed cashback mortgages, with the 65% LTV cashback mortgage seeing rates fall by up to 0.18%.
For those opting for a 75% LTV cashback product, rates will be reduced by up to 0.10%.
Borrowers looking at 80% LTV cashback mortgages will also benefit from a rate cut of up to 0.20%.
