From tomorrow, Thursday the 12th of December, Principality Building Society is set to introduce a number of changes to its mortgage range, including rate decreases and increases across various products.
Several residential mortgage products will see rate reductions, making borrowing more accessible for a wide range of customers.
For selected 2-, 3-, and 5-year fixed products at 65% loan-to-value (LTV), rates are being reduced by up to 0.10%.
Similar reductions of up to 0.11% will apply to 75% LTV products, while selected 2- and 5-year fixed 80% LTV products will see rates drop by as much as 0.12%.
For residential mortgages with cashback, rates are also being adjusted.
Borrowers opting for 2- and 5-year fixed 65% LTV products can benefit from rate reductions of up to 0.10%.
Additionally, the 2-year fixed 75% LTV product will experience a smaller decrease of 0.05%, while the 5-year fixed 80% LTV product will see rates fall by up to 0.08%.
In support of the Help to Buy Wales scheme, Principality is reducing rates for selected 2- and 5-year fixed 75% LTV products by up to 0.13%.
In addition, for Joint Borrower Sole Proprietor (JBSP) mortgages, borrowers will benefit from reduced rates of up to 0.07% on 2- and 5-year fixed 75% LTV products.
Similarly, rates for 2- and 5-year fixed 80% LTV JBSP products will be reduced by up to 0.11%.
Principality is also making significant reductions for holiday let mortgages.
Rates for the 2- and 5-year fixed 60% LTV product will be reduced by up to 10%, offering a competitive choice for those investing in rental properties.
While many rates are being reduced, Principality is increasing rates in a few areas.
The 5-year fixed 90% LTV residential mortgage with a product fee will see a rate rise of 0.05%.
Additionally, buy-to-let mortgages are being adjusted, with 5-year fixed 75% LTV products experiencing increases of up to 0.10%.
