Principality trims fixed rates


Principality Building Society has cut rates across residential and buy-to-let mortgages by up to 0.25 per cent.

The firm has cut rates by 0.25 per cent on some of its three- and five-year fixed rate products at 65 per cent LTV.

The 0.20 per cent cut applies to residential three- and five-year fixed rates at 75 and 90 per cent LTV.

The lender has reduced rates by 0.15 per cent on its two-year buy-to-let discounted rate at 60 per cent LTV and on its three-year fixed rate at 75 per cent LTV.

Principality head of regulated sales Shaun Middleton says: “We are reducing our rates to help our customers prosper in their homes and to provide our intermediaries with additional opportunities to engage with their clients to talk about their mortgage requirements.”

Principality Building Society lends across England and Wales and accepts up to four people per mortgage application, using all four incomes.


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