Principality Building Society has cut rates across three of its fixed five-year residential mortgage products.
For those with a 15% deposit, the interest rate on the five-year fix has been cut from 2.45% to 2.30%.
The five-year at 65% LTV has been cut from 2.05% to 1.95%, while the 75% LTV has dropped from 2.25% to 2.10%.
Head of regulated sales, Shaun Middleton, said: “We’re seeing more customers moving towards longer-term products and have therefore reduced our five year fixed rates to help our customers prosper in their homes and to provide our intermediaries with additional opportunities to engage with their clients to talk about their mortgage requirements”.
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