Principality cuts five-year fixed rates

Principality cuts five-year fixed rates

Principality Building Society has cut rates across three of its fixed five-year residential mortgage products by up to 0.15%.

Five-year fixed rates are now available from 1.95% up to 65% LTV, 2.10% at 75% LTV and 2.30% at 85% LTV.

Head of Regulated Sales, Shaun Middleton, said: "We’re seeing more customers moving towards longer-term products and have therefore reduced our five year fixed 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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