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TODAY'S OTHER NEWS

Principality reduces rates

Principality Building Society has cut selected rates across a number of fixed buy-to-let and residential mortgage products. 

The reductions include two-year buy-to-let rates at 70% and 75% loan-to-value up to £500,000, which have been cut by a maximum of 0.17%.

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

Pablo Marchena, mortgage acquisition manager at Principality Building Society, commented: “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.”

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    Lower demand from landlords means better deals for those who stick with it.

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