85% LTV Fixed Rate Mortgage

  • You'll know exactly what your payments are each month during the fixed period
  • You have the certainty of a fixed interest rate
  • You're able to borrow up to 85% of the value or purchase price of your property (LTV)
  • Borrow from a minimum of £5,000
  • You're able to borrow up to a maximum of £650,000
  • No product fee
  • Free valuation
  • Legal fees paid for re-mortgages

Ways to start your application

Our contact centre is open 9am to 5pm Monday to Friday and 9am to 1pm on Saturday and our branches are located across Wales and the borders, find a branch.

Start your mortgage enquiry online

Call us on 03303334002

Request an appointment at branch



5.65% p.a.

Until 31/10/2026

7.10% p.a.

Then changing to our Standard Variable Rate (SVR) less a discount of 0.50% until 31/10/2029

7.60% p.a.

Our current Standard Variable Rate (SVR)

7.3% APRC

The overall cost for comparison


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

Important information

This fixed 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 This fixed rate mortgage is a limited offer and can be withdrawn at any time. The minimum loan size for this product is £5,000. 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.

  • 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.
Fees & charges

Fees, charges and incentives

  • Product fees
  • 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 2% of the amount repaid if you repay in full on or before 31/10/2025 and 1.5% of the amount repaid if you repay in full after 31/10/2025 and on or before 31/10/2026.
  • Cashback
    There is no Cashback facility with this product.

A mortgage of £130,500 payable over 35 years initially on a fixed rate for 2 years at 5.75% and then on our standard variable rate of 7.60% (variable) for the remaining 33 years would require 24 monthly payments of £722.32 and 396 monthly payments of £883.42. The total amount payable would be £367,243.00 made up of the loan amount plus interest (£236,743.00), a product fee (£0.00), valuation fee (£0.00), telegraphic transfer fee (£8.00) and discharge fee (£65.00). The overall cost for comparison is 7.5% APRC representative.

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  • A mutual building society, owned by and run for the benefit of our 500,000 members
  • Over 160 years experience
  • Taking care of over £12 billion of our customers' assets
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