18 December 2019

Principality reduces rates on buy-to-let mortgages

Principality Building Society has reduced its rates by up to 0.13% on selected buy to let mortgages.

The product reductions include the 70% loan-to-value mortgage which has been reduced by 0.12% to a competitive rate of 2.37%.  The 75% loan-to-value product has also been reduced by 0.13% to 2.42%.

Principality Building Society can accept up to three buy to let applications per customer (dependent on whether they hold existing mortgaged rental properties). The Society also accepts first time landlords and mortgage applications for new build properties.

Naveed Mohamed, Head of Products, Principality Building Society said:
“We’ve improved the pricing on our buy to let range to ensure that our products meet the needs of our clients. Our flexible approach will also consider buy to let applications for new build properties, which is a growing market.”

To find out more, visit www.principality.co.uk/intermediaries

Further information:
Principality can only offer Buy to Let mortgages to applicants with a maximum of 3 mortgaged rental properties (with any lender), including the property associated with this application.

Published: 18/12/2019