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 making more possible for self-employed clients
Following broker feedback, we’ll now accept self-employed as a second income to help with your clients’ affordability.
Second job income overview
- Increased affordability: We’ll consider up to 100% of second job income (for up to 2 additional jobs) in our affordability calculations if it does not exceed regular income
- Self employed: We require a minimum of 6 months in the second job plus 2 year’s SA302 or accounts plus the latest months’ payslip
Assessing your clients application:
We’ll consider if the income can be maintained over a period of time. We’ll do this by looking at:
- The number of hours and number of days worked;
- Whether the salary is consistent with the type of employment;
- The travel distance from home; and
- How long your customer has held both jobs
Product Transfer Range Changes – Effective from 1st July 2026
Our new product transfer range will be live on our website 9am, Wednesday 1st July 2026.
Our current range will be removed 5pm, Tuesday 30th June 2026.
Product transfer range changes include:
Rate decreases
Residential (Fixed)
- 2-year fixed 65% LTV products by 0.25%
- 3-year fixed 65% LTV products by 0.20%
- 5-year fixed 65% LTV products by 0.15%
- 2-year fixed 75% & 85% LTV products by 0.20%
- 3-year fixed 75% LTV product by 0.15%
- 3-year fixed 85% LTV product by 0.20%
- 5-year fixed 75% & 85% LTV products by 0.10%
- 2, 3 & 5-year fixed 90% LTV product by 0.05%
Residential (Discount)
- 2-year discount 65% LTV product by 0.25%
- 5-year discount 65% LTV products by 0.15%
- 2-year discount 75% & 85% LTV product by 0.20%
- 5-year discount 75% LTV products by 0.10%
- 2-year discount 90% LTV product by 0.05%
Residential (Tracker)
- 2-year tracker 65% & 75% LTV product by 0.05%
- 2-year tracker 90% LTV product by 0.10%
Shared Ownership
- 2-year fixed 95% LTV product by 0.20%
- 5-year fixed 95% LTV product by 0.10%
Buy to Let
- 2-year fixed & discount 60% LTV products by 0.15%
- 5-year fixed & discount 60% LTV products by 0.20%
- 2-year fixed & discount 75% LTV products by 0.25%
- 5-year fixed & discount 75% LTV products by 0.15%
Holiday Let
- 2-year fixed & discount 60% & 75% LTV products by 0.15%
- 5-year fixed 60% & 75% LTV products by 0.25%
- 5-year discount 60% & 75% LTV products (with early repayment charge) by 0.25%
View our product transfer range