Brilliant Solutions

Principality Update

Here is the latest update from the Principality Building Society.  For full details see their latest product information 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 some changes to our product transfer mortgage range 

On Monday 19th October 2020 at 9:00am we are making some changes to our mortgage range. Please see details below:

Thank You mortgage products:

To acknowledge the crucial role played by your NHS clients in our communities this year, we’ve designed the Thank You mortgage range to thank them for their ongoing support. We’re also introducing rate switch products for your NHS clients that already have an existing mortgage with us.

We’re introducing the following Residential products specifically for your NHS clients:

  • four 2 year fixed rate products across our 65%, 75%, 80% and 85% LTV product ranges
  • four 5 year fixed rate products across our 65%, 75%, 80% and 85% LTV product ranges

  Key criteria:

  • Any client that is employed directly by the NHS, whose property falls within our core territory postcodes*, is eligible for these products
  • Eligibility is verified through the client’s NHS payslip, which will need to be sent to us upon application
  • Contractors or agency staff working within the NHS, but not employed by the NHS, won’t be eligible for these products
  • Only one applicant needs to be employed by the NHS for joint applications

     *Core territory postcodes: (LL, SY, LD, SA, CF, NP, HR and CH 1 to 8)

Residential mortgage products:

The following Residential product rates are increasing:

  • rates across our 65%, 75% and 80% LTV fixed rate product ranges will be increasing by up to 0.09%

We’re introducing the following Residential products:

  • six 2 year fixed rate cashback products across our 65%, 75% and 80% LTV product ranges (Product codes: 14795, 14797, 14802, 14804, 14809, 14811)
  • six 5 year fixed rate cashback products across our 65%, 75% and 80% LTV product ranges (Product codes: 14799, 14801, 14806, 14808, 14813, 14815)
  • two Joint Borrower Sole Proprietor products in our 80% LTV product range
    (Product codes: 14835, 14836)
Buy to Let mortgage products:

The following Buy to Let product rates are increasing:

  • rates across our 70% LTV fixed rate product range will be increasing by up to 0.15%

The range will hold May end dates

All previous product codes will be removed from sale on Sunday 18th October at 8:00pm.

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