Tag: Principality Building Society
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Welsh House Prices Fall But Sales Rise
House prices in Wales have fallen for the first time in months. Bad news if you are selling – you might get less than you hoped. But don’t panic, there’s more to this story… The average price of a house in Wales has dropped by 2.9% to £232,400. This follows a mini-boom after the turmoil…
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As Mortgage Rate Rises Return, What Are The Best Deals This Week?
The average UK property is now worth £293,000 – that’s a hefty 1.5% jump in just one month (up to August) and 2.8% higher than a year ago, says the UK House Price Index. This property price rise is probably linked to the fact that mortgage rates have been falling recently, encouraging more people to…
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Mortgage Rates Fall, Help for First-Time Buyers, Best Deals This Week
Mortgage rates have dropped again this week, with some of the biggest names slashing their fixed rates. This means lower monthly payments and a golden opportunity for those looking to get on the property ladder. First-time buyers with a 5% deposit can now secure a five-year fixed-rate mortgage below 5% thanks to Nationwide Building Society.…
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Mortgage Rates Reduced by Principality
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%…
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Mortgage Rate Cuts from Vida and Principality
Two more lenders are slashing their rates. This could mean cheaper deals for both homebuyers and landlords. Specialist lender Vida has announced cuts of up to 0.30% on both its residential and buy-to-let mortgages. This means lower monthly payments for borrowers, particularly those looking for higher loan-to-value products. Here’s a breakdown of Vida’s cheapest rates:…
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Boost for First-Time Buyers as Principality Offers 5.5 Times Income Mortgages
Principality Building Society has launched a new mortgage deal allowing borrowers to borrow up to 5.5 times their income. The deal, available exclusively through mortgage brokers, is a limited-time offer and applies to standard five-year fixed-rate residential mortgages. To be eligible, you must: This move comes as Principality acknowledges the diverse circumstances of first-time buyers…
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Principality and TML Slash Rates – Here’s What You Need to Know
There’s good news for home buyers and those looking to remortgage, with two lenders announcing cuts to their mortgage rates. Principality Building Society is cutting rates on some of its mortgages by up to a hefty 0.48 percentage points. That’s a significant saving, particularly for those with large mortgages. The Mortgage Lender (TML) has also…
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Mortgage Rate Drop – Fixed-Rate Prices Fall
Average two and five-year fixed-rate mortgages have fallen by 0.4% this week, Moneyfacts reports. This means cheaper monthly repayments are now up for grabs! Despite more sub-4% fixed deals hitting the market, the average rate across all loan-to-value (LTV) ratios for two, three, and five-year fixed-rate mortgages remains above 5%. Big Banks Slash Rates This…
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Mortgage Rates Take a Tumble – Best Deals This Week
Despite rising house prices, mortgage rates are falling, offering hope for those looking to step onto the property ladder. The Halifax House Price Index reported a 0.8% surge in house prices in July, pushing the average UK house price to £291,268. That’s a hefty 2.3% increase compared to last year, marking the most significant jump…
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Welsh House Prices on the Rise Again!
Good news for sellers as average prices climb above £236,000 House prices in Wales have finally started to rise again after almost a year of falling prices. The average price tag on a Welsh house is now £236,369, that’s a jump of 3.1% since April this year. This is a welcome change for anyone thinking…