The lender’s current product transfer range will be withdrawn at 5pm on Thursday 30th July ahead of the launch of the new products.
Principality Intermediaries is making changes to its product transfer range from tomorrow, 9am on Friday 31st July, with selected rates reduced by up to 0.20% and increases across parts of its residential and buy-to-let (BTL) ranges.
The lender’s current product transfer range will be withdrawn at 5pm on Thursday 30th July ahead of the launch of the new products.
Within the residential range, 5-year fixed products at 65% and 85% loan-to-value (LTV) will be reduced by 0.05%.
The lender is also cutting the rate on its 5-year fixed 95% LTV Shared Ownership product by 0.05% in its new build range.
For buy-to-let borrowers, 2-year fixed products at 60% LTV will decrease by 0.05%.
The largest reductions apply to holiday let products, with 2- and 5-year fixed mortgages at both 60% and 75% LTV falling by 0.20%.
Alongside the reductions, Principality Intermediaries is increasing rates across a number of residential and buy-to-let product transfer deals.
Residential 2-year fixed products at 65% and 75% LTV, the 3-year fixed 75% LTV product and 5-year fixed products at 75% LTV will all increase by 0.05%.
Residential 2-year discount products at 65% and 75% LTV will rise by 0.25%, while 5-year discount products at 65% LTV will increase by 0.15% and those at 75% LTV by 0.25%.
The lender is also increasing its 2-year discount product at 85% LTV by 0.20% and its equivalent 90% LTV product by 0.10%.
Within the buy-to-let range, 2-year discount products at 60% LTV will rise by 0.15%, while 5-year discount products at 60% LTV and both 2- and 5-year discount products at 75% LTV will increase by 0.20%.