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Principality cuts high-LTV residential and BTL mortgage rates

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  • 01/12/2017
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Principality cuts high-LTV residential and BTL mortgage rates
Principality Building Society has cut rates across selected residential and buy-to-let mortgage products by up to 0.25%.

The mutual has made the following changes:

  • Rate reductions of between 0.15% and 0.25% on current residential three- and five-year fixed rate products at 65% loan-to-value (LTV);
  • Rate reductions of 0.20% on the current residential three- and five-year fixed rate products at 75% LTV;
  • Rate reductions of between 0.10% and 0.20% on the current residential three- and five-year fixed rate products at 85% LTV;
  • Rate reductions of between 0.10% and 0.20% on the current residential three- and five-year fixed rate products at 90% LTV;
  • Rate reduction of 0.15% on the two-year buy-to-let discounted rate at 60% LTV and 0.15% on the current buy-to-let three-year fixed rate product at 75% LTV.

 

Principality head of regulated sales Shaun Middleton (pictured) said: “We are reducing our rates to help our customers prosper in their homes and to provide our intermediaries with additional opportunities to engage with their clients to talk about their mortgage requirements.”

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