The two year fixed rate mortgage at 4.49% (max LTV of 75%) or 4.59% (max LTV 95%) offers free legal fees for remortgages. Alternatively, the fee saver products include a three year fixed rate mortgage at 5.09% and, as the name suggests, there are no upfront administration fees, no legal fees (for remortgage applications only) and no valuation fees.
The end dates on some of the variable rate products have been extended. The flexible three year discount mortgage, a fee saver product, remains at 4.94%, with a 1.50% discount extended until 28/02/2009 (6.30% APR).
The changes are effective from Thursday 1 December 2005. Full product details follow the press release.
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. The fee saver products are continuing to prove popular, with highly competitive rates and added incentives."
