Principality expands new build lending offer to enable more first time buyers to prosper

View our New Build Guide

We know how important it is to keep things clear and simple and when it comes to helping your customers buy a new build property, we want to make sure you have all the criteria information and support you need to advise your customers.

• We lend up to 90% LTV on new build flats and houses in England and Wales.
• We lend up to 75% LTV on buy-to-let new build flats and houses in England and Wales.
• We offer a free basic valuation on certain products up to 90% LTV
• Valuations are instructed immediately, offers are valid for 6 months (we may extend offers where the original offer period has expired on a case by case basis), no mortgage commitment fees and no completion fees.
*Subject to lending criteria

These changes are in response to the increase in new build houses and flats being built across the UK and the call to make mortgage products more affordable on these types of properties.

Shaun Middleton, Principality Building Society’s Head of Regulatory Sales said: “The UK’s new build market is showing positive signs of growth, with a much healthier outlook in the long run for those hoping to get on the property ladder. But we understand that many first time buyers across the country have smaller deposits so are looking for mortgage products to reflect that.
“Principality is expanding its mortgage lending offers on new build properties to give more choice to buyers for their needs and, importantly, help the new build market continue to prosper.”

Click here for more information on our New Build lending criteria

T: 0330 333 4021
E: intermediary@principality.co.uk
www.principalitybrokerpoint.co.uk

We are removing products from our mortgage range

We would like to inform you that we are removing product codes 11145, 11146, 11147 and 11148 from our 65% LTV fixed rate mortgage range.

These products will be removed on Wednesday 13th September 2017 at 8pm.

We’re here to help

          

If you’ve any queries, please don’t hesitate to contact your dedicated Intermediary Support Team on 0330 333 4021. We’re available from 9am until 5pm every weekday (apart from Wednesday between 9 – 9:30am) and look forward to discussing new business enquiries with you.

Thank you for continuing to support Principality.

The Society does not lend on Ex Local Authority and Housing Association blocks of flats.

It must be noted that the Society may consider further lending secured against Ex local authority or housing association flats, including where the buildings extends above 6 storeys, where the loan originated prior to August 2017 subject to valuation and favourable surveyor comments on saleability and demand and provided they meet current fire and safety regulations

 

Any questions, please let me know.

Neil Cadwallader DipFA CeMAP

Business Development Manager (Desk Based)

DD: 02920 773801

Email: Neil.Cadwallader@principality.co.uk

Intermediary Helpdesk: 0330 333 4021

Principality. Where home matters.

Principality Building Society. Principality Buildings.
PO Box 89, Queen Street, Cardiff, CF10 1UA
T 029 2038 2000  www.principality.co.uk