Principality Building Society has announced changes to rates on its on-sale acquisition mortgage range, effective from 9am Friday 18th August.
It has decreased rates on its 2-year, 3-year and 5-year fixed rate 75% loan-to-value (LTV) products by up to 0.22%.
Selected 80% LTV 2-year and 5-year rates were reduced by up to 0.54%, selected 2-year and 5-year 85% LTVs by up to 0.49%, selected 2-year and 5-year 90% LTVs by up to 0.51%, and selected 5-year 95% LTVs by up to 0.07%.
The lender has increased rates on 2-year and 5-year 95% joint borrower sole proprietor (JBSP) products by up to 0.51%.
Principality will withdraw 2-year and 5-year residential products which carry both a product fee and cashback.
In its buy-to-let (BTL) range, Principality reintroduced 5-year 60%, 70% and 75% fixed rate products, some of which now include a minimum loan size of £25,000.
All BTL discount and 2-year fixed BTL products will be withdrawn, and the BTL stress rate will be reduced to 5.87%.
