Across its residential range, Principality is reducing 2-year fixed rates at 65% loan-to-value by up to 0.05%

Principality Intermediaries has confirmed a series of mortgage rate changes across its residential, joint borrower sole proprietor and buy-to-let ranges, with the updated products going live on its website tomorrow.

The lender’s current mortgage range will be withdrawn today.

Across its residential range, Principality is reducing 2-year fixed rates at 65% loan-to-value (LTV) by up to 0.05%.

It is also cutting its 2-year fixed 75% LTV product without a product fee by 0.02%, alongside reductions of 0.02% on its 2- and 3-year fixed products at both 80% and 85% LTV where no product fees apply.

2-year fixed residential products at 90% LTV will see reductions of up to 0.03%.

Within the residential range that includes cashback, the lender is lowering its 2-year fixed 75% LTV products by 0.03%.

For joint borrower sole proprietor (JBSP) cases, Principality Intermediaries is reducing 2-year fixed rates at 75%, 80%, 85% and 90% LTV by 0.02%.

At the same time, a number of rates are increasing across selected parts of the range.

Residential 5-year fixed products at 65% LTV without a product fee will rise by 0.02%, as will 5-year fixed products at 85% LTV that carry a £1,395 product fee.

5-year fixed residential products at 95% LTV will increase by 0.05%.

Within the residential range that includes cashback, the 2-year fixed 65% LTV product will increase by 0.02%.

In the new-build space, the 2-year fixed 75% LTV Help to Buy Wales product will increase by 0.05%.

Buy-to-let borrowers will also see increases on 5-year fixed rates, with products at 60% LTV rising by 0.02%, products at 70% LTV increasing by up to 0.06%, and products at 75% LTV increasing by 0.05%.