Principality Building Society has reintroduced residential mortgages to its range and increased select rates.
The products being brought back include its two-, three- and five-year fixes at 65% and 75% loan to value (LTV), as well as two-year fixes at 95% LTV, including new-build options.
Principality Building Society is also increasing some rates at 80% LTV, such as its two- and three-year fixed rates by up to 0.08% and five-year fixes by as much as 0.42%. At 85% LTV, the mutual is upping two-year fixed rates by up to 0.13%.
Its three- and five-year fixes at 90% LTV will go up by up to 0.1%.
Changes will also be made to its five-year fixed buy-to-let (BTL) deals at 60% LTV, which will rise by 0.09%.
The mutual will also raise rates across residential mortgages with cashback and joint borrower sole proprietor (JBSP) deals by as much as 0.42%.
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Changes will be effective from 18 February.
Last week, the firm widened its family lending criteria.
Suffolk BS cuts pricing on 14 products
Suffolk Building Society has reduced rates across 14 mortgage options.
This includes its holiday let deals, which have been cut by up to 0.24%, and expat holiday let products, which have fallen by up to 0.2%.
Its BTL rates have also gone down, including a two-year fix at 80% LTV, which has been reduced by 0.14% to 5.55%, and a five-year fix, which has been cut from 5.49% to 5.39%.
The mutual has also lowered expat residential rates and expat BTL pricing, including a two-year fixed expat BTL deal at 80% LTV, which has been cut by 0.15% to 5.7%, and a corresponding five-year fix, which has gone down by 0.05% to 5.6%.
Charlotte Grimshaw, head of intermediaries at Suffolk Building Society, said: “We’re excited to reduce rates on some of our core lending areas. In addition to lowering our rates across many two- and five-year fixed rate products, we’re continuing to work on innovative criteria changes to further strengthen our proposition. We’re hoping to share these with you in the near future.
“By working closely with our brokers, we know that offering flexibility – such as multiple currencies on one application, and using uncrystallised pension pots – is making a huge difference, especially in terms of supporting people with more complex incomes.”
