Principality announce cuts across 5 year fixed residential products

Principality Building Society has announced that it has cut rates across three of its fixed five-year residential mortgage products.

Related topics:  Finance
Warren Lewis
14th June 2017
Wales

According to Wales’ largest building society, reductions have been made on

• 5 Year Fixed at 65% LTV from 2.05% to 1.95%
• 5 Year Fixed at 75% LTV from 2.25% to 2.10%
• 5 Year Fixed at 85% LTV from 2.45% to 2.30%

Shaun Middleton, Head of Regulated Sales, says: "We’re seeing more customers moving towards longer-term products and have therefore reduced our five year fixed 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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