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Principality BS makes mortgage rate changes

Principality BS makes mortgage rate changes
Kelly Newlands
Written By:
Posted:
October 31, 2024
Updated:
October 31, 2024

Principality Building Society's Principality Intermediaries has announced a flurry of rate changes that will be effective from 1 November.

The firm is decreasing some rates on its residential offerings, with its five-year fixed Help to Buy Wales product at 75% loan to value (LTV) going down by 0.04%.

Also within its residential range, it is introducing two-year fixed 65% and 75% LTV products with a £1,499 product fee.

Principality is also increasing some residential rates for two-, three- and five-year fixed products ranging from 65% to 85% LTV. Its two-year fixed 90% LTV products will be increased by up to 0.14%.

The firm is also increasing rates across its residential with cashback and new-build ranges.

Its two- and five-year joint borrower sole proprietor (JBSP) products at 75%, 80%, 85% and 90% LTV will increase by up to 0.17%.

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Additionally, its five-year fixed BTL products at 60%, 70% and 75% LTV will rise by up to 0.18%.

Principality’s two- and five-year fixed holiday let products at 60% LTV will increase by up to 0.1%, and its five-year fixed holiday let offering will rise by 0.11%.

The firm last tweaked rates at the beginning of this month.