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’ve updated our mortgage lending criteria.
New Residential and Holiday Let mortgage criteria- We’re lifting the limits of what’s possible.
We’ve updated our Residential and Holiday Let mortgage criteria, so that now we can help support even more of your customers.
We’ve lifted the limits
- We now lend up to age 85 for Residential mortgages
- We’ve lowered the minimum income requirement for Holiday Lets to £40,000 for loans between £250,001 and £750,000
We’re reducing some rates across our mortgage range
On Friday 19th November 2021 at 9:00am we’re reducing some rates across our Residential, Holiday let and Thank You mortgage ranges. Please see details below:
Residential mortgage products:
We’re decreasing the following residential products:
- 2 & 5 year 95% LTV fixed rate products by up to 0.20%
Buy to Let and Holiday Let mortgage products:
We’re decreasing the following holiday let products:
- 2 & 5 year 60% LTV fixed rate holiday let products by up to 0.26%
- 2 & 5 year 75% LTV fixed rate holiday let products by up to 0.57%
Thank You mortgage products:
We’re decreasing the following thank you mortgage products:
- 2 & 5 year 95% LTV fixed rate products by up to 0.20%
The range will hold April end dates.
All previous product codes will be removed from sale on Thursday 18th November at 8:00pm.