80% Discount Mortgage
- Your rate will be a discount on our SVR (Standard Variable Rate)
- You're able to borrow up to 80% of the value or purchase price of your property (LTV)
- You're able to borrow up to a maximum of £650,000
- No product fee
- No valuation fee
- Legal fees paid for remortgages
Ways to apply
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
- Summary
- Typical example
- Important information
- Fees & charges
- Other services
2.05% p.a.
2.60% off SVR until 30/11/2024. The discounted rate will never fall below 2.00%
4.15% p.a.
Then changing to our Standard Variable Rate (SVR) less a discount of 0.50% until 30/11/2027
4.65% p.a.
Our current Standard Variable Rate (SVR)
4.1% APRC
The overall cost for comparison is 4.1% APRC
80%
Maximum Loan to Value (LTV)
Product Fee | £0 |
---|---|
Mortgage Commitment Fee | £0 |
Early Repayment Charge | Please click on the Fees & Charges tab for details. |
Maximum Loan | £650,000 |
Important information
This discounted rate mortgage is available for owner-occupied residential properties in England or Wales. This fixed rate mortgage is a limited offer and can be withdrawn at any time. Although the interest rate will not rise before the end of the fixed rate period, other factors may result in your payments increasing before this date e.g. unpaid amounts being debited to your account.
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Drawdown
There is no drawdown facility with this product. -
Payment holiday
There is no payment holiday facility with this product. -
Overpayment
There is an overpayment facility with this product. -
Underpayment
There is no underpayment facility with this product. -
Borrow back
There is no borrow back facility with this product.
Fee, charges and incentives
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Product fees
£0 -
Valuation fees
The Principality Building Society will bear the cost of a Standard Report and Standard Valuation for Mortgage Purposes Only. -
Legal fees
If you are re-mortgaging, we will pay the legal fees incurred in securing your new mortgage if you use our solicitors, though they will act for us only. If you would like our solicitors to advise you or carry out additional work, they may do so at your cost, if they agree. If there is additional work involved, our solicitors may be unable to secure your new mortgage. In this instance, you will need to appoint your own solicitor and pay their fees in full. You may always use your own solicitor at your cost, subject to our approval. You must pay all legal fees if purchasing a property. -
Mortgage Commitment Fee
There is no Mortgage Commitment Fee. -
Early Repayment Charges
You will incur an early repayment charge of 1% of the amount repaid if you repay the loan in full on or before 30/11/2024. -
Cashback
There is no cashback facility with this product.
Why Principality?
- 6th largest UK building society
- A mutual building society, owned by and run for the benefit of our 500,000 members
- Over 160 years experience
- Taking care of over £10 billion of our customers' assets
- Members can access a Member Rewards page featuring competitions, discounts and more.