Principality has decided to relaunch its mortgage range in the wake of unveiling of various new investment opportunities.
Principality, which is Wales' largest and Britain’s 12th largest building society has said that it will now offer a two-year fixed-rate mortgage at two different interest levels which would depend on the Loan-to-Value (LTV) percentage required. 4.49 per cent is the rate for a maximum LTV of 75 per cent, while 4.59 per cent is the rate for a maximum LTV of 95 per cent.
The company has also decided to extend some of the dates on other mortgage offerings, including its flexible three-year discount mortgage, a fee saver product’s rate remains at 4.94 per cent with a 1.50 per cent extension of discount until 28th February, 2009 (6.30% APR).
These changes will be effective from 1 December 2005.
Dominic White, head of marketing at Principality, said: “Although other lenders are increasing their fixed-rate mortgages in response to SWAP rate changes, we're maintaining our range and extending end dates on variable rate products for the benefit of our customer.”
Both the mortgage options are offered at an administration fee of £450. However, for remortgage applications no legal fee is charged.
According to Mr. White, the fee saver range was "highly competitive" and "popular" with customers.
Posted
on : Sun, 04 Dec 2005 01:35 GMT | Mortgages News
By : Chris Rowe
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