Good news for house-hunters! Principality Intermediaries has announced cuts to their mortgage rates, making it cheaper to buy a home.

The building society has reduced rates on a range of two, three and five-year fixed-rate mortgages, by as much as 0.25%. This applies to mortgages with an 80% loan-to-value (LTV), meaning you’d need a 20% deposit.

There’s even better news if you’re a joint borrower who also happens to be a sole proprietor. You benefit from the same rate reduction – up to 0.25% off on two and five-year fixed rate deals.

And it gets better! Principality is also offering cashback deals on some of its most popular mortgages.

Buyers opting for two and five-year fixed rate mortgages at 65% LTV can enjoy rate reductions of up to 0.18%. Those needing an 80% LTV mortgage could see rates fall by up to 0.20% on two and five-year fixed-rate deals.