Principality Building Society has reviewed its mortgage range and increased its five-year fixed rate by 0.50%. Despite this, the mortgage has retained its competitive edge and held onto a place in the Moneyfacts charts.
This deal now has a rate of 3.80% fixed at a loan-to-value (LTV) of 85% and is available until 31.12.19. A low fee of just £99 is payable.
This mortgage is available to first-time buyers, homemovers and remortgagors with a 15% deposit. All borrowers can benefit from an incentive package of free valuation, while remortgagors can also profit from free legal fees.
The rate of this mortgage means it remains a competitive offering, while the very low fee, coupled with the generous incentive package, mean that this deal is likely to prove popular among borrowers who are looking to keep set up costs to a minimum.
Four Moneyfacts Stars have been awarded.
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