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Mortgage lender relaunches range
Thu, 01 Dec 2005
The Principality mortgage range has been updated and relaunched.

As part of the shake-up, the end dates on some of the mortgage lender's variable mortgage rate products have been extended and fixed mortgage rates have been changed.

A mortgage rate of 4.49 per cent is now available on the "highly popular" two-year fixed rate mortgage, with a loan to value of 75 per cent. If 95 per cent of the property value is borrowed, a mortgage rate of 4.59 per cent applies.

These two-year fixed rate mortgages offer free legal work for those remortgaging to the products.

No legal fees, valuation fees or administration fees apply for people remortgaging to Principality's three-year fixed rate mortgage. The mortgage rate on the three-year mortgage is 5.09 per cent.

"Although other lenders are increasing their fixed rate mortgages in response to SWAP rate changes, we're maintaining our range and extending end dates on variable rate products for the benefit of our customer," says Dominic White, Principality's head of marketing.

He adds that the fee-saver mortgages continue to be popular, with "highly competitive" mortgage rates and other incentives.

Principality is the largest building society in Wales.

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