Principality increases residential mortgage rates – The Intermediary

Effective from tomorrow (Wednesday 21st February), Principality Building Society will increase rates on its on-sale acquisition mortgage range.

The lender raised rates on selected 2-year and 5-year 75% loan-to-value (LTV) products by up to 0.30%, and selected 2-year, 3-year and 5-year 80% LTV products by up to 0.11%.

Principality raised its 2-year 85% LTV fee-free product rate by 0.16%, its 2-year and 4-year 75% LTV cashback products by up to 0.15%, and its 2-year 80% LTV cashback product by 0.14%.

All previous product codes will be removed from sale at 8pm tonight (Tuesday 20th February).