Principality Building Society

​At Principality Building Society, they understand that for you to succeed, you need a strong professional relationship with them. Their business development managers are committed to using their knowledge and experience to give you the dedicated support you need to do business quickl​y and easily.

Their team of 6 business development managers have over 100 years of combined experience in financial services, so you can be certain you’re calling on someone with the expertise you’re looking for.

Procuration Tables

Gross fee paid by lenderProcuration fee to intermediary

Residential               0.40% (£175 min/ max £2,500)
0.40% applies to heartland:
The postcodes are the whole of Wales (LL, NP, CF, LD, SA, SY)
and additionally GL, HR, WR, B, CV, DY, WV, WS, ST, TF, M, L, CH, CW

Buy to let                0.40% (£175 min / max £2,500)

  All information correct as at 02/06/2017

Residential                0.37% (£175 min / max £2,500)
0.40% applies to heartland:
The postcodes are the whole of Wales (LL, NP, CF, LD, SA, SY)
and additionally GL, HR, WR, B, CV, DY, WV, WS, ST, TF, M, L, CH, CW

   Buy to let                    0.40% (£175 min / max £2,500)

   All information correct as at 02/06/2017

Overview

 Working with Principality:

  • The Brokerpoint online system, is robust and user friendly
  • You have telephone access directly to their underwriting team
  • Affordability-based lending

Residential mortgages:

  • Maximum of 4 applicants
  • All products calculated on daily interest
  • Interest Only mortgages acceptable up to 50% LTV. Minimum of £150k. equity required*
  • Let to buy acceptable
  • Inter-family sales acceptable with no deposit paid below 75% LTV
  • Family gifted deposit accepted*
  • Guarantor and parental assisted mortgages considered​*
  • New build flats and apartments acceptable up to 85% LTV on residential applications
  • Debt consolidation. Maximum LTV 75%
  • Applicants on fixed term contracts considered*
  • Applicants in probation periods considered*



BTL mortgages:

  • Applicant(s) must currently be an owner-occupier or have been during the last 12 months
  • A minimum income of £20,000 is required for sole applicants. In the case of joint applicants one applicant must either earn a minimum of £20,000 or a combined joint income of £30,000 is acceptable
  • Minimum age on application 21
  • Regulated BTL's
  • Holiday Lets at BTL rates
  • Additional borrowing available if qualifying*
  • Let to buy
  • Ex local authority properties acceptable*
  • Family gifted deposits accepted*
  • Rental income required at 125% of the monthly interest payment or SVR + 1%, whichever is the higher
  • Portfolios acceptable – maximum 5 BTL properties per borrower, irrespective of whether the loan is with the Society or another lender

*Please refer these cases to your BDM.

Address

PO Box 89
Principality Buildings
Queen Street
Cardiff
CF10 1UA

For enquiries

Service centre process eam: 0800 328 1717
Brokerpoint admin team: 0845 330 5565
Underwriting team: 0845 045 0455

Email: brokerpoint@principality.co.uk

Registration process

Download the application form and email to brokerpoint@principality.co.uk