Principality Intermediaries will launch its updated mortgage range at 9am tomorrow, Wednesday 3rd September, with the existing range being withdrawn at 5pm today.
The changes include a mix of rate reductions and increases across residential, Shared Ownership, Help to Buy (Wales), joint borrower sole proprietor (JBSP), buy-to-let (BTL) and holiday let products.
Among the most notable updates, a number of residential products will see rate decreases, including 2- and 3-year fixed deals at 80% and 85% loan-to-value (LTV), with reductions of up to 0.27%.
5-year fixed rates at 90% LTV will also fall by up to 0.15%, while cashback residential products see cuts of up to 0.26%.
Shared Ownership customers will benefit from reductions of 0.05% on 2- and 5-year fixed products at 95% LTV, and Help to Buy (Wales) customers will see rates fall by up to 0.10% on 2- and 5-year fixes at 75% LTV.
JBSP products are also being repriced, with reductions of up to 0.15% across 2- and 5-year deals.
At the same time, Principality has applied modest increases across parts of the range.
These include 2- and 5-year residential products at 65% and 75% LTV, which rise by up to 0.13%, while selected cashback residential products at 65% LTV also edge higher.
In the BTL and holiday let ranges, 5-year fixes will increase by up to 0.07% across 60%, 70% and 75% LTV tiers.
The new product range will be available to view on the Principality Intermediaries website from tomorrow, Wednesday 3rd September.
