View more on these topics

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.”

Recommended

Money-Coins-Pound-Currency-Close-up-700x450.jpg

Principality Building Society to pay retention proc fees

Principality Building Society intends to introduce retention procuration fees later this year. The lender says it will pay a fee of 0.20 per cent to brokers once it has finished upgrading its systems. Principality Building Society head of regulated sales and intermediaries Shaun Middleton says: “As part of our ongoing commitment to our broker partnerships […]

Scissors-Cut-Tailor-Measure-Measurement-700.jpg

Principality cuts rates on five year fixes

Principality Building Society has cut rates on its five year fixed rate residential mortgages. The Welsh building society now offers the loans from 2.20 per cent. Principality’s range of five year residential mortgages for 65 – 85 per cent LTV all offers no product fees and free standard valuations. Remortgagors also get free legal fees. […]

Welsh-Wales-Flag-700x450.jpg

Principality launches broker case tracking tool

Principality Building Society has launched an online case tracking tool to let brokers track the progress of individual mortgage applications. The online service, Brokerpoint, lets brokers monitor applications in real time. The lender says this will simplify the application process. Once brokers login to the online tool, they can either choose to view their Principality […]

Newsletter

News and expert analysis straight to your inbox

Sign up