Finance

Principality announce cuts on residential and BTL products

Principality Building Society has announced today that it has cut rates across selected residential and buy to let mortgage products.

Warren Lewis
|
1st December 2017
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Principality Building Society has announced today that it has cut rates across selected residential and buy to let mortgage products.

Wales’ largest building society has announced reductions on:

• Rate reductions of between 0.15% and 0.25% on the current residential 3 and 5 Year Fixed rate products at 65% LTV
• Rate reductions of 0.20% on the current residential 3 and 5 Year Fixed rate products at 75% LTV
• Rate reductions of between 0.10% and 0.20% on the current residential 3 and 5 Year Fixed rate products at 85% LTV
• Rate reductions of between 0.10% and 0.20% on the current residential 3 and 5 Year Fixed rate products at 90% LTV
• Rate reduction of 0.15% on the 2 year Buy to Let Discounted rate at 60% LTV and 0.15% on the current Buy To Let 3 Year Fixed rate product at 75% LTV

Shaun Middleton, Head of Regulated Sales, 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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