You are here: Home - News -

Principality changes new build criteria

  • 16/08/2017
  • 0
Principality changes new build criteria
Principality Building Society is willing to lend up to 90% loan to value (LTV) on new-build residential mortgages, up from 85% previously.

The society will also lend up to 75% LTV on buy to let new build flats or houses in England and Wales.

Shaun Middleton (pictured), head of regulatory sales at The Principality, said: “The UK’s new build market is showing positive signs of growth, with a much healthier outlook in the long run for those hoping to get on the property ladder. But we understand that many first time buyers across the country have smaller deposits so are looking for mortgage products to reflect that.

“Principality is expanding its mortgage lending offers on new build properties to give more choice to buyers for their needs and, importantly, help the new build market continue to prosper.”

In May, The Principality cut rates across its residential, buy to let, affordable housing and Help to Buy Wales product offering including reducing all residential discounted products by 0.15%.

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
graduates sitting in rows
St Andrews named top town for student landlords

Landlords looking to take advantage of the student lettings market should look to St Andrews in Scotland, according to new...