Principality Building Society 2.30% 3 Year Fixed Mortgage with Free valuation and Free basic legal service on remortgages.
The Principality Building Society 3 Year Fixed Mortgage with a rate of 2.30% certainly catches the eye. There is so much talk of rates rising that perhaps the lenders have priced their 5 year fixes rates higher than they might have. As a result they can look expensive, particularly if your existing mortgage is on a good rate already, so this shorter period might provide the happy medium you are looking for.
[ezcol_1fifth]Initial Rate: 2.30%[/ezcol_1fifth] [ezcol_1fifth]Subsequent:4.99%[/ezcol_1fifth] [ezcol_3fifth_end]The overall cost for comparison is 4.5%[/ezcol_3fifth_end]
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[/ezcol_2fifth] [ezcol_3fifth_end]APR The actual rate available will depend upon your circumstances. Ask for a personalised illustration.[/ezcol_3fifth_end]
- Features: Fixed until 31/12/2017.
- Minimum deposit / equity: 35%
- Valuation fee: Free valuation. Free basic legal service on remortgages.
- Other main lender fees: Arrangement fee £895. Booking fee £99.
- Early repayment charges: 3% of the outstanding balance in the fixed period..
MY PRODUCT COMMENTS: The 3 Year Fixed Mortgage often gets overlooked with the focus normally or 2 or 5 year rates. This one sits nicely in the between.
MY LENDER COMMENTS: The Principality Building Society has long standing and helpful staff. They do not hide behind computers in their decision making preferring instead to have an adult conversation about an individual’s requirements.
For more information on our range 3 Year Fixed Mortgage products please complete the enquiry form on this page or call us on 020 7993 2044.
Important Information
Rates current as at 6/11/14. The overall cost for comparison is based on a property value of £250,000 over a 25 year term. Repayment for Residential and Interest only for Buy-to-let. The product is based on a property in England (but may also be available in other countries). Eligibility will depend on your own personal circumstances.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
For full details about the information on this page please read our product research and disclaimer wording.
Your Home is at Risk if you do not keep up with your mortgage repayments.
Author: Payam Azadi
Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines. To get in contact with him please click here.
