Principality Intermediaries has announced a number of rate adjustments in its mortgage product range, with a new selection of rates set to go live at 9am tomorrow, Wednesday 23rd July.
The current product range will be withdrawn from the website at 5pm today, Tuesday 22nd July, in preparation for the update.
The revised mortgage range includes a mix of rate increases and decreases across various product categories, including residential, buy-to-let, holiday let, Help to Buy (Wales), Shared Ownership, and joint borrower sole proprietor (JBSP).
Among the rate reductions, the Help to Buy (Wales) 5-year fixed product at 75% loan-to-value (LTV) will decrease by 0.15%.
Similarly, the Holiday Let 2-year fixed product at 60% LTV without a product fee will see a reduction of 0.15%.
On the other hand, a number of rate increases are being introduced across the society’s residential range.
These include a 0.09% increase on the 5-year fixed 65% LTV product without a product fee, and an increase of up to 0.07% on 2-year fixed 75% LTV products.
Additionally, the 5-year fixed 75% LTV product without a product fee will rise by 0.11%, the 2-year fixed 80% LTV product without a product fee by 0.11%, and the 3-year fixed 80% LTV product without a product fee by 0.05%.
The 2-year fixed 85% LTV products will increase by up to 0.09%, the 5-year fixed 90% LTV products by up to 0.11%, and the 5-year fixed 95% LTV products will see the highest rise of 0.22%.
Residential products with cashback will also be affected.
The 2-year fixed 65% LTV product will rise by 0.08%, the 5-year fixed 65% LTV product by 0.10%, and the 5-year fixed 75% LTV product by 0.08%.
The 2-year fixed 80% LTV product will increase by 0.11%, while the 5-year fixed 90% LTV product will go up by 0.06%.
For JBSP mortgages, both 2 and 5-year fixed 80% and 85% LTV products will increase by 0.10%. The 5-year fixed 90% LTV product in this category will also rise by 0.10%.
Shared Ownership rates are being adjusted as well, with the 2-year fixed 95% LTV product increasing by 0.12%, and the 5-year fixed 95% LTV product rising by 0.08%.
Buy-to-let products will also be affected, with 5-year fixed rates increasing by up to 0.12% for 60% LTV, 0.10% for 70% LTV, and 0.10% for 75% LTV.
Lastly, the society’s holiday let 5-year fixed 75% LTV product will see a rate increase of 0.10%.
