Effective from Monday 7th October, Principality Intermediaries is set to make several adjustments to its mortgage range, affecting both residential and buy-to-let (BTL) products.
These changes include reductions in interest rates for selected fixed-term products across varying loan-to-value (LTV) ratios, as well as slight increases for other offerings.
For residential mortgages, Principality is set to lower rates on specific 2-year, 3-year, and 5-year fixed 65% LTV products by up to 0.08%.
Similarly, reductions will also apply to selected 2-, 3-, and 5-year fixed 75% LTV products, with rate cuts of up to 0.11%.
Borrowers opting for 2- and 5-year fixed 80% LTV products with a fee will benefit from a reduction of 0.04%, while the 3-year fixed 80% LTV product will see a rate drop of 0.08%.
Additionally, rates for the 2- and 5-year fixed Help to Buy (HTB) Wales products will decrease by 0.20%.
For those using the Joint Borrower Sole Proprietor (JBSP) option, Principality is reducing rates on 2 and 5-year fixed 75% LTV JBSP products by up to 0.09%.
In the buy-to-let sector, Principality is also making rate cuts, with a reduction of up to 0.10% on 5-year fixed 60% LTV products.
Residential cashback mortgages will see several adjustments; the 5-year fixed 65% LTV product will see its rate reduced by 0.08%, while selected 2- and 5-year fixed 75% LTV products will benefit from rate cuts of up to 0.10%.
The 5-year fixed 85% LTV product will see a reduction of 0.06%, and 2 and 5-year fixed 90% LTV products will see their rates drop by 0.05%.
However, some rates across its offering will increase.
For residential mortgages, 2- and 5-year fixed 80% LTV products without a fee will see rate increases of up to 0.05%, as will 2- and 5-year fixed 80% LTV JBSP products.
In the buy-to-let category, selected 5-year fixed 70% LTV products and 5-year fixed 75% LTV products will experience a 0.05% rate increase.
