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Principality reduces mortgage rates to help ‘customers prosper’

Principality Building Society has reignited the mortgage rate war by reducing rates across some of its buy-to-let mortgage products.

The lender said it was shaving up to 0.1% from its current fixed buy-to-let products, which now range from 2.2% up to 60% loan-to-value (LTV) with no fee and 2% with a £895 fee.

The alterations made to the buy-to-let mortgage products form part of a wider selection of cuts across the lender’s residential, affordable housing and Help to Buy Wales ranges.

Shaun Middleton, head of regulated sales at Principality BS, commented: “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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