Principality announce rate cuts on residential and BTL products

Principality Building Society has announced that it has reduced selected fixed residential and buy to let mortgage product rates within its range.

According to the lender, the reductions include the 5 year fixed residential 80% and 85% LTV up to £500,000 products, which have been reduced by 0.09% and the 2 year buy to let 70% and 75% LTV up to £500,000 products, reduced by up to 0.17%.

All four products include a free standard valuation, free legals and have no product or commitment fees.

Pablo Marchena, Principality Building Society Mortgage Acquisition Manager said, “We understand the financial pressures our customers are facing and we are continuing to support our broker partners by offering good value products to meet their clients’ requirements.”