27 February 2020

Principality reduces rates across mortgage range

Principality Building Society has reduced rates on over 20 products across its holiday let, buy to let and residential mortgage range. 

The reductions include the 75% loan-to-value (LTV) holiday let product, which is now offered at a market leading rate of 2.99%. Other reductions include the 70% and 75% LTV five year buy to let products, which have been reduced by up to 0.09% and the Joint Borrower Sole Proprietor five year residential mortgage offering, reduced to 2.63%.

Based in Wales, Principality is the UK’s sixth largest building society. The Society lends across England and Wales and offers flexible lending criteria, including accepting first time landlords and mortgage applications for new build properties.

Morgan Miles, Mortgages Senior Product Manager, Principality Building Society said:
“We’re delighted to be offering reduced rates across our mortgage product range, as well as market leading pricing on the 75% LTV holiday let product. We hope these changes will help support both our broker partners and customer’s needs.”

*Market leading is as of time of distribution on 27/02/20 at 9am.

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

Published: 27/02/2020