Principality relaunches mortgage range

Principality has relaunched its mortgage range.

Its two-year fixed rate mortgage at 4.49% with up to 75% LTV or 4.59% with up to 95% LTV offers free legal fees for remortgages.

Alternatively, the fee saver products include a three-year fixed rate mortgage at 5.09% and, as the name suggests, there are no up front administration fees, no legal fees (for remortgage applications only) and no valuation fees.

The end dates on some of the variable rate products have been extended. The flexible three-year discount mortgage, a fee saver product, remains at 4.94%, with a 1.50% discount extended until February 28 2009 at 6.30% APR.

The changes are effective from today (Thursday December 1).

Dominic White, head of marketing at Principality, says: “Although other lenders are increasing their fixed rate mortgages, were maintaining our range and extending end dates on variable rate products for the benefit of our customer.

“The fee saver products are continuing to prove popular, with highly competitive rates and added incentives.”