Principality to increase mortgage rates by up to 0.18%
The updated range will go live from 9am tomorrow, Thursday 10th September, with the current range withdrawn at 5pm on Wednesday 9th September.
Principality Intermediaries is set to increase rates across selected residential, buy-to-let (BTL) and holiday let mortgage products by up to 0.18%.
The updated range will go live from 9am tomorrow, Thursday 10th September, with the current range withdrawn at 5pm on Wednesday 9th September.
Residential 2-, 3- and 5-year fixed rates at 65% loan-to-value (LTV) will increase by up to 0.18%, while equivalent products at 75% LTV will rise by up to 0.13%.
Selected 2- and 5-year fixed products at 80% LTV will increase by between 0.02% and 0.12%, while 2- and 3-year fixes at 90% LTV will rise by up to 0.10%.
The changes will also apply to the lender’s CIS six-month and one-year self-employed products.
Principality will increase selected residential cashback rates by between 0.06% and 0.15%, while its 2- and 5-year 75% LTV Help to Buy Wales new-build products will rise by 0.05%.
Within its Joint Borrower Sole Proprietor (JBSP) range, the 2-year fixed product at 75% LTV will increase by 0.08%, while the equivalent 90% LTV product will rise by 0.05%.
The lender will also increase its 5-year fixed 60% LTV buy-to-let product with a £1,395 fee by 0.10%.
Holiday let rates will rise by up to 0.08%, including selected 5-year fixed products at 60% LTV and 2- and 5-year fixed products at 75% LTV.
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