Principality Building Society will lower select residential mortgage rates by up to 0.15%, including joint borrower sole proprietor (JBSP) deals.
The changes to its residential mortgage rates will come into force from 26 February.
Within its residential mortgage range, two-, three- and five-year fixed rates at 65% loan to value (LTV) will be reduced by up to 0.06%. Pricing starts from 4.45%.
Two- and five-year fixed rates at 80% LTV will decrease by around 0.03%, while its two- and five-year fixed rates at 95% LTV will be lowered by around 0.6% and 0.15% respectively. Rates begin from 4.62%.
The lender added that its two-year fixed rates at 65% LTV with a £1,499 fee will reduce by 0.11%. At 75% LTV, the rate will fall by 0.12%. Pricing starts from 4.28%.
Principality Building Society’s two- and five-year JBSP deals at 75% LTV will fall by 0.06%, and at 80%, LTV pricing will fall by 0.03%. Rates begin from 4.75%.
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On the residential mortgages with cashback side, two-year fixed rates at 65% LTV and 75% LTV will go down by 0.1%. At 80% LTV, they will decrease by 0.04%. Pricing starts at 4.77%.
Principality Building Society recently reported that its mortgage balances had risen from £9.3bn in 2023 to £10.5bn in 2024.