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
We’re introducing new ranges for customers without indefinite leave to remain
We’re letting you know we’re introducing bespoke mortgage ranges for customers who do not have indefinite leave to remain in the UK. This includes residential and buy to let mortgages.
Interest rates available with this bespoke range will have higher rates than those available through our standard mortgage range.
We regularly review our mortgage pricing to ensure it reflects the risk and cost of lending. The product ranges for these customers are being updated to reflect these ongoing changes.
Where there are joint applications and at least one applicant has indefinite leave to remain, they can continue to select from our standard ranges.
A new range for new customers in 2027
A new acquisition range for customers without indefinite leave to remain will be introduced in early 2027
Customers coming to the end of their fixed term mortgage
From the 1st November 2026, customers without indefinite leave to remain and coming to the end of their current fixed-term mortgage will be automatically offered the new bespoke product transfer range.
Customers who received a maturity letter and have not selected a new mortgage by 1st November can only choose from the new range. As explained in our maturity letters, mortgage deals may only be available for a limited period and can change frequently.
The new product transfer range is available here*.
Mortgage Range Changes – Effective from 27th October 2026
Our updated mortgage range will be live on our website 9am, Tuesday 27th October 2026.
Our current range will be removed 5pm, Monday 26th October 2026.
Mortgage range changes include:
Rate decreases
Holiday Let
- 5-year fixed 65% LTV product (with £1395 product fee) by 0.02%
Rate increases
Residential
- 2-year fixed 65% LTV products by up to 0.15%
- 3-year fixed 65% LTV product by 0.10%
- 5-year fixed 65% LTV products by up to 0.06%
- 2-year fixed 75% LTV products (with product fees) by 0.15%
- 2-year fixed 75% LTV product (without product fees) by 0.05%
- 5-year fixed 75% LTV product (with £1499 product fee) by 0.10%
- 2-year fixed 80% & 85% LTV products by up to 0.15%
- 2 & 3-year fixed 90% LTV products by up to 0.14%
- 5-year fixed 90% LTV products by 0.06%
The above changes also apply to our CIS 6 months and 1-year self-employed products.
Residential (with cashback)
- 2-year fixed 65% LTV product by 0.15%
- 5-year fixed 65% & 90% LTV products by 0.06%
- 2-year fixed 90% LTV product by 0.14%
Buy to Let
- 5-year fixed 60% LTV products by up to 0.15%
- 5-year fixed 75% LTV products by up to 0.10%
Holiday Let
- 2 & 5-year fixed 75% LTV products (without product fee) by 0.10%
New Build
- 2-year fixed 75% LTV Help to Buy Wales product by 0.20%
- 5-year fixed 75% LTV Help to Buy Wales product by 0.12%
Joint Borrower Sole Proprietor
- 2-year fixed 75% LTV product by 0.05%
- 2-year fixed 80% LTV product by 0.15%
- 2-year fixed 85% LTV product by 0.14%
- 2-year fixed 90% LTV product by 0.13%
- 5-year fixed 90% LTV product by 0.06%