Principality Building Society is set to make reductions to a range of its fixed-rate mortgage products, with changes coming into effect from tomorrow, Friday 25th April.
The updates include rate decreases across several residential mortgage offerings.
Specifically, 5-year fixed-rate products at 65% loan-to-value (LTV) will be reduced by 0.08%, while the 75% LTV options will see a reduction of 0.07%.
For borrowers at 90% LTV, the rate will drop by 0.08%.
Customers opting for residential mortgages with cashback will benefit from identical rate cuts.
The society’s 5-year fixed 65% LTV product will decrease by 0.08%, the 75% LTV by 0.07%, and the 90% LTV by 0.08%.
The society is also making reductions to its Joint Borrower Sole Proprietor (JBSP) mortgage range.
These changes include a 0.07% cut to the 5-year fixed-rate product at 75% LTV and a 0.08% decrease at 90% LTV.
In the buy-to-let sector, Principality is reducing its 5-year fixed-rate products by up to 0.16% at 60% LTV and by 0.15% at 75% LTV.
For holiday let mortgages, 5-year fixed rates will be lowered by up to 0.07% for 60% LTV products and by 0.08% for those at 75% LTV.
