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
Mortgage Acquisition Product Removals
Effective from Friday 26th May, we will be amending our mortgage acquisition product range. We will remove all cashback mortgage products from sale, as well as some additional residential mortgage products.
With the release of UK inflation data yesterday (May 24th) and the knock-on impact to swap rates, we are anticipating mortgage prices trending upwards in the short-term.
Full details on the removals can be found below:
Residential mortgage changes
We’re removing the following Residential products:
- 2 & 5-year fixed rate cashback products from our 65%, 75%, 80%, 85%, 90% and 95% LTV product ranges
- 2-year fixed rate fee free products from our 75%, 80% & 90% LTV product ranges
- 2-year fixed rate fee-based product from our 85% LTV product range
- 5-year fixed rate fee-based product from our 90% LTV product range
All previous product codes will be removed from sale at 8pm on Thursday 25th May.