Principality Building Society Mortgages

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Last updated on 22 March 2021.

Principality Building Society Mortgages FAQ

Who is Principality Building Society?

Principality Building Society is the sixth largest building society in the UK. Based in Cardiff, Wales, the society is owned and run for the benefit of its 500,000 members, as it is a mutual building society. The society has over 160 years of experience, during which time it has assisted its members with savings and mortgages.

What types of mortgages do they offer?

Principality Building Society offer a variety of mortgage types to suit their members.

They provide:

  • First-time buyer mortgages
  • Buy-to-let mortgages
  • Moving home mortgages
  • Remortgaging facilities

The mortgage type which will suit you will depend on your financial circumstances and the property you’re looking to purchase.

What interest rates are available on their mortgages?

Principality Building Society mortgage rates vary between their different mortgage products. To find Principality Building Society mortgage rates which suit your financial circumstances, please scroll up the page to review our Principality Building Society mortgage comparison table.

You can easily compare mortgages by whichever variable you choose, including interest rates. Finding the most affordable mortgage rate is not as simple as finding the mortgage with the lowest interest rate – this is because interest rates deviate over a mortgage term.

Interest rates behave differently on the three most common types of mortgage: fixed rate mortgages, variable rate mortgages and tracker mortgages.

The interest rate on fixed rate mortgages stays static during the mortgage’s initial period, whereas on variable rate mortgages and tracker mortgages the rate can change at any time.

What size mortgage can I afford?

Principality Building Society’s mortgage calculator tool can help you calculate how much you’ll be able to afford.

You’ll need to input:

  • The number of applicants
  • The region the property is in
  • The number of residents who will live there and their circumstances
  • The income of each applicant
  • The outgoings of each applicant
  • The length of the mortgage term you require
  • Whether you are remortgaging

Can I overpay on a Principality Building Society mortgage?

You can overpay on all Principality Building Society mortgages to reduce your overall mortgage balance and the amount of interest you’ll have to pay. Please check the individual terms of the mortgage, as overpayments beyond a certain amount can trigger early repayment charges.

Principality Building Society reviews – What do their customers say?

You can find reviews on the society’s mortgage offering on Trustpilot, Which? and Smart Money People. Reading reviews of financial services products is a good way to arm yourself with the information you need to understand whether a provider is suitable for you. If you’re a bit lost and are looking for more money expertise, visit our mortgages hub to read our useful guides and tips to help you navigate the UK property market.

Services offered by this provider may change over time. Always check Ts&Cs.

NerdWallet has selected Koodoo to provide you with this information-only online comparison service on a non-advised basis. NerdWallet will receive a share of the commission that Koodoo earns from the lender or from our partnered broker, Fluent Mortgages.

Koodoo is the trading name of Mortgage Power Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 845978), and is a registered company in England and Wales (company registration number 10978680), with a registered address at Scale Space, 58 Wood Lane, London, W12 7RZ

Fluent Mortgages Ltd is authorised and regulated by the Financial Conduct Authority (FRN 458914), and is a registered company in England and Wales (company registration number 10978680), with a registered address at 102 Rivington House, Chorley, New Road, Horwich, Bolton, BL6 5UE