Principality Building Society is set to introduce reductions across its on-sale acquisition mortgage range, effective from tomorrow (Friday 16th August).
The changes include reductions across several fixed-rate mortgage products, in a bid to provide potential borrowers with more competitive options.
The building society decreased rates on its 65% loan-to-value (LTV) products, with reductions of up to 0.27% for 2-, 3-, and 5-year fixed-rate mortgages.
Additionally, the 65% LTV cashback products will see rate cuts of up to 0.29% for 2- and 5-year fixed terms.
For those seeking higher LTV mortgages, the 75% LTV products will also benefit from rate reductions.
The 2-, 3-, and 5-year fixed-rate mortgages in this category will see decreases of up to 0.27%, while the cashback products with 2- and 5-year fixed rates will have their rates reduced by up to 0.17%.
The 80% LTV products will experience the most substantial reductions, with rates dropping by up to 0.54% across 2-, 3-, and 5-year fixed-rate options.
Similarly, the 2- and 5-year fixed-rate cashback products at 80% LTV will also see a decrease of up to 0.54%.
Finally, the 85% LTV products will undergo rate cuts of up to 0.20% for 2-, 3-, and 5-year fixed-rate mortgages.
The corresponding cashback products for 2- and 5-year fixed terms will experience reductions of up to 0.42%.
