14 October 2022

Principality Building Society to support Social Housing providers with longer term loans

Principality Building Society has introduced a new funding option for housing association developments to help them create new homes. 

Following on from the success of Principality Building Society’s 15-year term funding, a 25-year loan fund will now be available. The loan is available to support development of new homes and retrofitting their existing properties. 

Richard Wales, Commercial Lending Director at Principality, said: ‘We’re proud to announce this new product to further support the great work that is done by social housing providers.

“In addition to the new 25-year repayment plan, housing associations may also secure lower borrowing costs should they deliver on mutually agreed environmental, social and governance (ESG) objectives. As a company, we became carbon neutral this year in our own operations, as we strive to reach net zero status by 2030. It’s something that’s very important to us, so we’re keen to help other to make this journey too.’

To find out more, visit our dedicated web page.

Published: 14/10/2022