Principality to raise PT rates by up to 25bps

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Principality Building Society is raising rates across its product transfer range by up to 25 basis points tomorrow.

So far this week lenders including Nationwide, Barclays, TSB, Virgin Money, Foundation and Kensington have all increased prices.

Among Principality’s biggest product transfer changes, residential two-year fixed products at 65% LTV will rise by 25bps.

Two-year and three-year fixed products at 75% LTV and two-year fixes at 85% LTV will increase by 20bps.

The mutual will also raise its 65% LTV three-year fix by 20bps and its 95% LTV two-year shared ownership fix by the same amount.

Five-year fixed rates at 65% and 75% LTV will rise by 15bps, while the three-year fix at 85% LTV will also increase by 15bps.

Other residential increases range from 5bps to 20bps across selected fixed, discount and tracker products.

Within its buy-to-let product transfer range, two-year fixed products at 60% LTV will rise by 25bps, while five-year fixes at the same LTV will increase by 15bps.

Two-year discount products at 60% LTV will also rise by 15bps, while other selected buy-to-let discount and fixed rates will increase by between 5bps and 10bps.

Principality will also increase selected holiday let product transfer rates, with its two-year discount at 75% LTV rising by 10bps.

Two-year fixed products at 75% LTV and its five-year discount at 60% LTV with no early repayment charge will increase by 5bps.


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