Principality launches St David's Day mortgage

01-Mar-2007

Principality Building Society has announced the launch of a new St David's Day mortgage, which may be of interest to prospective first time buyers looking to honour the Welsh patron saint.

Available at a fixed-rate of 4.69 per cent for one year, the new mortgage is available to both first time buyers and repeat purchasers and includes a free valuation.

After the first year, the mortgage interest rate will revert to the Bank of England's base rate of interest plus 0.74 per cent.

To find out more about this mortgage and other mortgages for first time buyers, click here.

"We are keen to demonstrate to our members and our customers at large, that as a Welsh building society we offer competitive products and can help our customers make the most of their money," said Tracy Morshead, managing director of Principality.

The new mortgage also features free payment protection insurance for the first three months.

Principality offers a range of mortgages, including flexible and fixed-rate products.

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