Principality reduces five-year fixed rates

Principality Building Society has cut rates on its five-year fixed rate residential mortgages, with initial rates starting from 2.20%.

Related topics:  Mortgages
Rozi Jones
28th October 2016
calculator rates mortgage house
"We’ve noted an increasing broker sentiment towards longer term fixed products"

New rates are available at 2.30% up to 75% LTV and 2.60% at 85% LTV.

The range offers no product fees and free standard valuations, with re-mortgage customers also benefiting from free legal fees.

Head of Regulatory Sales Shaun Middleton, said: “We’ve noted an increasing broker sentiment towards longer term fixed products which is why we’ve made reductions to our five year residential fixed rates.

“We appreciate that for most people their largest single monthly commitment is their mortgage and these longer term products will help people to better control their finances.”

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