Principality increases LTV on remortgage products

The intermediary arm of Principality Building Society has increased the maximum loan-to-value available on a range of its remortgage products.

The society will now offer LTV of up to 90 per cent on fixed two, three and five-year deals, an increase from the 85 per cent maximum LTV previously offered.

Rates start from 2.20 per cent for the deals.

Principality Building Society’s head of regulatory sales and intermediary sales Shaun Middleton, says: “The increase in LTV is a response to growing demand from our brokers.

“This will be particularly useful for first-time buyers who bought with a smaller deposit and are now looking for a lower rate at the end of their current deal.”