Principality Intermediaries is set to implement a series of changes to its mortgage product range, with a number of rate reductions across residential and Joint Borrower Sole Proprietor (JBSP) mortgage offerings.
The revised rates will see notable decreases in several fixed-rate residential mortgage products.
For customers seeking 2-year fixed residential mortgages at 65% loan-to-value (LTV), rates will be reduced by up to 0.16%.
The 3-year fixed equivalent at the same LTV will see a 0.05% reduction, while 5-year fixed products will drop by up to 0.10%.
At the 75% LTV tier, 2-year fixed products will be cut by up to 0.21%, 3-year fixed by 0.10%, and 5-year fixed by up to 0.06%.
Residential mortgages that include cashback incentives will also see rate adjustments.
The 2-year fixed product at 65% LTV will decrease by 0.08%, and the 5-year fixed by 0.09%.
At 75% LTV, the 2-year fixed product will drop by 0.20%, while the 5-year fixed product will reduce by 0.08%.
Additionally, Principality Intermediaries is adjusting rates on its JBSP mortgage range.
The 2-year fixed JBSP product at 75% LTV will see a reduction of 0.20%, and the 5-year fixed JBSP product will decrease by 0.05%.
The rate changes will come into effect from tomorrow, Tuesday 13th May.
