Here is the latest update from the Principality Building Society. For full details download/ see their latest product bulletin here. Criteria information is available here. Access these product via our direct to lender mortgage club and get the benefits of payment on completion.
Principality Announcements
Product Transfer Range Changes – Effective from 26th March 2026
Our new product transfer range will be live on our website 9am, Thursday 26th March 2026.
Our current range will be removed 5pm, Wednesday 25th March 2026.
Product transfer range changes include:
Rate decreases
Residential
- 5-year fixed 95% LTV products by 0.15%
Buy to Let
- 2-year discount 85% LTV product by 0.05%
Holiday Let
- 2-year fixed 75% LTV products by 0.15%
- 2-year discount 75% LTV product by 0.10%
- 5-year discount 75% LTV product (with free ERC) by 0.05%
Rate increases
Residential
- 2 & 3-year fixed 65% LTV products by 0.35%
- 5-year fixed 65% LTV products by 0.25%
- 2-year fixed 75% LTV products by 0.45%
- 3 & 5-year fixed 75% LTV product by 0.30%
- 2-year fixed 85% LTV products by 0.50%
- 3-year fixed 85% LTV product by 0.55%
- 5-year fixed 85% LTV product by 0.35%
- 2-year fixed 90% LTV products by 0.50%
- 3-year fixed 90% LTV product by 0.40%
- 5-year fixed 90% LTV product by 0.35%
- 2-year fixed 95% LTV product by 0.25%
- 3-year fixed 95% LTV product by 0.10%
- 2-year discount 65% LTV product by 0.35%
- 5-year discount 65% LTV products by 0.25%
- 2-year discount 75% LTV product by 0.45%
- 5-year discount 75% LTV products by 0.30%
- 2-year discount 85% LTV product by 0.50%
- 2-year discount 90% LTV product by 0.25%
Shared Ownership
- 2-year fixed 95% LTV Shared Ownership product by 0.50%
- 5-year fixed 95% LTV Shared Ownership product by 0.35%
Buy to Let
- 2-year fixed 60% & 75% LTV products by 0.35%
- 5-year fixed 60% LTV products by 0.30%
- 5-year fixed 75% LTV product by 0.35%
- 2-year fixed 85% LTV product by 0.05%
- 2-year discount 60% & 75% LTV products by 0.35%
- 5-year discount 60% LTV products by 0.30%
- 5-year discount 75% LTV products by 0.35%
Holiday Let
- 2-year fixed 60% LTV products by 0.45%
- 5-year fixed 60% LTV products by 0.35%
- 5-year fixed 75% LTV product by 0.25%
- 2-year discount 60% LTV products by 0.45%
- 5-year discount 60% LTV product (with free ERC) by 0.05%
- 5-year discount 60% LTV product by 0.35%
- 5-year discount 75% LTV product by 0.25%
View our product transfer range
We’ve introduced more new build boosts for your clients
Following broker feedback, we’re introducing new new build boosts to help your clients with their affordability.
New: New build boosts
Here’s a snapshot of our updated criteria:
All flats (including new build)
- Flats, studios, maisonettes and apartments will be considered with no limit on the number of storeys.
- Flats above 5 floors require a working operational lift.
- We will only lend if the block is a ‘good quality’ residential development for private occupation and built by an established and recognised developer.
- We are able to lend on ex local authority or housing association flats up to 10 storeys on developments where demand is high and accommodation is considered desirable.
Builders incentives
- For cash incentives e.g. builders gifted deposits, legal fees & stamp duty payment, we now accept gifted stamp duty payments plus incentives up to 5% of the property value.
- If your client receives a builder’s gifted deposit, they will need to put down a minimum of 5% deposit from their own funds.