Principality has market-leading 95% Mortgage to boost the Welsh housing market
Principality, Wales’s largest building society, has announced the launch of a brand new 95% LTV mortgage product that will lend up to 95% Loan To Value, to help Welsh First Time Buyers and those with limited deposits in Wales to get onto the property ladder. The product has been designed to meet the needs of those with lower deposits and less funds available, so there are no product fees and there will be no tightening of the lending criteria. The product also has a five year fixed rate, which gives buyers the security of a fixed payment for the significant future, allowing them to realistically budget. The Principality has a branch at the St Elli Shopping Centre in Llanelli. Christopher Johnson, Head of Mortgages at Principality said: “As a leading Welsh mutual that serves a community of members, we are committed to coming up with practical solutions to benefit Welsh people. The shortage of mortgage products realistically available to those with a low deposit has been a major stumb...