Principality Launches New Product Transfer Range with Rate Adjustments: What Borrowers Need to Know

Principality’s New Product Transfer Range Explained

Principality Building Society, one of the UK’s leading mutual lenders, has announced important changes to its product transfer mortgage range effective from 9am, Wednesday 1st October 2025. These updates include both rate decreases and increases across key residential and holiday let products. If you are an existing Principality borrower or considering switching your deal, understanding how these changes affect you, particularly with the Principality product transfer 2025, is crucial for finding the most competitive mortgage rates UK-wide.

Overview: What’s Changing in Principality’s Product Transfer Range?

From October 1st, selected mortgage rates for existing borrowers looking to transfer their deal with Principality as part of the Principality product transfer 2025 will reduce, while a few others will see small increases. The current range will be withdrawn at 5pm on Tuesday 30th September, so it’s important to act promptly if the existing products suit your needs.

Key Rate Decreases – Better Value for Many

• Residential Mortgages:
  • 2-year fixed 85% LTV: decreased by 0.15%
  • 3-year fixed 85% LTV: decreased by 0.10%
  • 5-year fixed 85% LTV: decreased by 0.05%
  • 5-year fixed 90% LTV: decreased by 0.10%
  • 2-year fixed 95% LTV Shared Ownership: decreased by 0.15%
  • 5-year fixed 95% LTV Shared Ownership: decreased by 0.05%
  • 2-year discount 85% LTV: decreased by 0.15%
• Holiday Let Mortgages:
  • 2-year fixed 60% LTV: decreased by 0.15%
  • 5-year fixed 60% LTV: decreased by 0.10%
  • 5-year fixed 75% LTV: decreased by 0.05%
  • 2-year discount 60% LTV: decreased by 0.15%
  • 5-year discount 60% LTV: decreased by 0.10%
  • 5-year discount 75% LTV: decreased by 0.05%

These reductions place Principality among the more competitive UK mortgage lenders for many existing borrowers seeking product transfers—especially those with higher loan-to-value (LTV) ratios or considering shared ownership deals. The Principality product transfer 2025 ensures customers find rates that suit their financial needs.

Key Rate Increases – Products to Watch

• Residential Mortgages:
  • 2, 3 & 5-year fixed 65% LTV: increased by 0.05%
  • 2-year fixed 75% LTV: increased by 0.05%
  • 5-year fixed 75% LTV: increased by 0.10%
  • 3-year fixed 90% LTV: increased by 0.05%
  • 5-year fixed 95% LTV: increased by 0.15%
  • 2 & 5-year discount 65% LTV: increased by 0.05%
  • 2-year discount 75% LTV: increased by 0.05%
  • 5-year discount 75% LTV: increased by 0.10%

If you currently qualify for a lower LTV bracket, it may be wise to secure a deal before the new, slightly higher rates are applied. The Principality product transfer 2025 aims to provide clarity and options for all customers adjusting to these changes.

Who Can Benefit from These Changes?

• Existing Principality Borrowers: If your current deal is ending, these updates offer an opportunity to secure a better rate, especially at 85% and 90% LTV tiers.
• Shared Ownership Customers: Some of the most substantial rate drops apply to 95% LTV shared ownership transfers—potentially significant savings for qualifying homeowners.
• Holiday Let Landlords: Noteworthy reductions apply for both 60% and 75% LTV product transfer deals on holiday let properties, giving landlords greater flexibility.

For those on lower LTVs or considering a move to the 75% or 65% brackets, minor rate increases mean timing your application matters.

What Makes Principality Stand Out?

• Mutual Lender Strength: Principality is the UK’s sixth largest building society, focusing on member-first products and approachable service.
• Broad Range of Options: Whether you’re a residential homeowner, shared ownership buyer or holiday let investor, the range offers flexibility for varied needs.
• Clear Product Transfer Process: Principality’s product switch process is designed for ease and transparency, making it simple for existing customers to review and secure new rates.

How to Take Advantage or Find Out More

If you’re considering a product transfer or have a deal ending soon, reviewing these changes with a professional is wise. The right advice can help you lock in the best available rates and understand any impacts on monthly repayments. Get in touch with our team for expert, personalized mortgage advice UK-wide.

View the full range and latest criteria updates: Principality Intermediaries

FAQs: Principality Product Transfer Range – Your Questions Answered

• Who qualifies for a product transfer with Principality?
  Existing Principality mortgage customers whose current deal is ending or who wish to switch products. New customers must apply for a remortgage instead.
• How do these rate changes affect my repayments?
  Lower rates can reduce your monthly payments, while rate increases may raise them. An adviser can calculate your new payments and options.
• Are the holiday let transfer products only for certain landlords?
  Yes, you must already hold a Principality holiday let mortgage and meet their lending criteria. Check with an adviser for full eligibility.
• When do I need to act to secure current product rates?
  Applications for the current range must be completed before 5pm, Tuesday 30th September. Afterwards, new rates apply from 1st October.
• How can I get advice or check if I’m eligible?
  Contact our qualified mortgage brokers for a personalised assessment and guidance on your best options with Principality or other UK lenders. The Principality product transfer 2025 provides opportunities tailored for different borrower profiles.

Ready to review your mortgage or discuss your eligibility? Contact us today for tailored advice and to secure the best deal for your circumstances.