The lender has cut rates on its residential products including the five-year fixed at 65% loan-to-value (LTV) with no fee, which has been lowered by 0.18%.

The five-year fixed at 75% LTV with no fee has also been reduced by 0.16%.

The two- and three-year fixed at 65% have both gone down by 0.09%.

In addition, the residential with cashback five-year fixed at 65% LTV has been reduced by 0.15%.

Principality Intermediaries has also increased rates on some products such as two- and five-year fixed 95% LTV products, including new building, which have gone up by up to 0.25%.

The residential five-year 90% LTV product has gone up by 0.09%.