The new maximum loan size will be available for both residential purchase and remortgage applications.
Principality has increased its maximum loan amount to £500,000 for residential mortgages up to 90% LTV across England and Wales.
The new maximum loan size will be available for both residential purchase and remortgage applications.
Emma Graham, Principality’s key account manager, said: “We have seen an increasing demand from our intermediaries for larger loan sizes.
“Therefore, our response was to change and help to expand our customer base whilst addressing a rise in property prices and a need for higher loan amounts.”
