Principality Intermediaries has confirmed a series of mortgage rate changes across its residential, joint borrower sole proprietor and buy-to-let ranges, with the updated products going live on its website at 9am tomorrow, Thursday 8th January.
The lender’s current mortgage range will be withdrawn at 5pm today, Wednesday 7th January.
Across its residential range, Principality is reducing 2-year fixed rates at 65% loan-to-value (LTV) by up to 0.05%.
It is also cutting its 2-year fixed 75% LTV product without a product fee by 0.02%, alongside reductions of 0.02% on its 2- and 3-year fixed products at both 80% and 85% LTV where no product fees apply.
2-year fixed residential products at 90% LTV will see reductions of up to 0.03%.
Within the residential range that includes cashback, the lender is lowering its 2-year fixed 75% LTV products by 0.03%.
For joint borrower sole proprietor (JBSP) cases, Principality Intermediaries is reducing 2-year fixed rates at 75%, 80%, 85% and 90% LTV by 0.02%.
At the same time, a number of rates are increasing across selected parts of the range.
Residential 5-year fixed products at 65% LTV without a product fee will rise by 0.02%, as will 5-year fixed products at 85% LTV that carry a £1,395 product fee.
5-year fixed residential products at 95% LTV will increase by 0.05%.
Within the residential range that includes cashback, the 2-year fixed 65% LTV product will increase by 0.02%.
In the new-build space, the 2-year fixed 75% LTV Help to Buy Wales product will increase by 0.05%.
Buy-to-let borrowers will also see increases on 5-year fixed rates, with products at 60% LTV rising by 0.02%, products at 70% LTV increasing by up to 0.06%, and products at 75% LTV increasing by 0.05%.
