2 May 2018

Principality creates products for Help to Buy England

Principality Building Society is to launch mortgage products to help more first-time buyers and next-time movers in England.

From the end of May, Principality will offer mortgages through intermediaries only initially, to support those buying a new build property via the UK government-backed Help to Buy England scheme. The Society will be offering five-year fixed-rates at 75% loan to value and these products will come with a free standard mortgage valuation.

Julie-Ann Haines, Chief Customer Officer at Principality Building Society said: “We hope that these products will help to support a wide range of borrowers including first-time and next-time buyers to own their home. This goal is one that is very close to our own hearts, helping people to prosper throughout their lives.

“We’ve responded to broker feedback by introducing Help to Buy England products to our range of intermediary mortgages. We are focused on growing our business and continually review the products that we are offering to ensure we are relevant in the market place and providing the products that clients are looking for.

Craig Hall, New Build Manager at Legal & General Mortgage Club said: “Help to Buy has now assisted almost 160,000 completions to date in England. It is great to see the Principality extending their participation in the scheme and further supports their commitment to the new build sector. This following recent proposition improvements including; 6 plus 6 (months) offers and 90% LTV on new build houses and flats.”

Published: 02/05/2018

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