Principality Intermediaries cuts mortgage rates by up to 0.13%
The changes will take effect from 9am on Thursday 13th August.
Principality Intermediaries is set to reduce rates across its residential, new-build, joint borrower sole proprietor (JBSP), buy-to-let (BTL) and holiday let mortgage ranges.
The changes will take effect from 9am on Thursday 13th August, with reductions of up to 0.13%.
Across its residential range, 2-, 3- and 5-year fixed products at 65% and 85% loan-to-value (LTV) will be reduced by up to 0.07%.
2- and 5-year fixed products at 75% LTV will fall by up to 0.13%, while the 3-year fixed product at the same LTV will be reduced by 0.12%.
At 90% LTV, 2-, 3- and 5-year fixed rates will decrease by up to 0.10%, while the 5-year fixed 95% LTV product will fall by 0.05%.
The changes will also apply to Principality’s CIS six-month and one-year self-employed products.
Cashback residential products will see reductions of up to 0.10%, including 2-year fixed products at 65% and 75% LTV.
Within the new-build range, 5-year fixed products at 95% LTV will be cut by 0.05%, alongside reductions of 0.05% to 2- and 5-year shared ownership products at 90% and 95% LTV.
The 5-year Help to Buy Wales product at 75% LTV will decrease by 0.03%.
Principality will also reduce 2- and 5-year JBSP products between 75% and 90% LTV by up to 0.10%.
Buy-to-let reductions include cuts of 0.05% to 5-year fixed products at 60% and 70% LTV, while its 5-year fixed 75% LTV product with a £6,000 product fee will fall by 0.10%.
Holiday let rates will be reduced by up to 0.05%, with 2- and 5-year fixed products at 75% LTV falling by 0.04%.
Principality’s existing range will be withdrawn at 5pm today (12th August), ahead of the new range launching at 9am tomorrow.
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