Principality Intermediaries is increasing rates across it’s mortgage ranges from Monday, 18 November.

The lender will increase residential mortgage rates by a maximum of 0.33% for two-three- and five-year fixed year fixed products.

Deals at 65% LTV rise by the 0.33% max, while 75% and 80% LTV products increase by 0.32%; 85%  and 90% LTV deals go up by 0.27% and five-year fixed 95% LTV fixed products, including new build, rise 0.10%.

Joint borrower sole proprietor mortgages will increase by a max of 0.33% across the product range, while the lender’s Help to Buy Wales and Shared Ownership products will rise by 0.26% and 0.30% respectively.

Buy-to-let mortgages are also rising, up a max of 0.32% for a five-year fix at 60% LTV and Holiday Let products increase by up to 0.29%.

The lender has said that as of January 2025, it will decrease its SVR from 7.43% to 7.26% in line with change to the Bank of England base rate.