Principality Building Society
Building SocietyPrincipality Building Society is the largest building society in Wales and the sixth-largest in the UK, with a strong presence across Wales and the borders. It offers residential and buy-to-let mortgages with a community-focused ethos, supporting Welsh homebuyers with local market expertise.
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Lending Focus
Principality Building Society offers mortgage products across 2 categories including Residential, Buy-to-Let.
Key Features
- Largest building society in Wales with deep local market knowledge
- Competitive fixed-rate and tracker mortgages for Welsh homebuyers
- Buy-to-let products available for individual and limited company borrowers
- Community-focused mutual with branch network across Wales and the borders
- Flexible criteria for self-employed and contract workers
Pros & Cons
Pros
- Deep local expertise in the Welsh property market
- Community-focused mutual with strong branch presence across Wales
- Flexible criteria for self-employed and contract workers
- Competitive rates driven by mutual ownership model
Cons
- –Branch network concentrated in Wales and the border counties
- –No shared ownership or self-build mortgage products
- –Product range smaller than larger national building societies
Fees & Charges
Arrangement Fee
£995 or fee-free options available
Valuation Fee
Free on selected products; otherwise £250–£1,200 depending on property value
Early Repayment Charge
1–5% during the initial deal period
Overpayment Allowance
Up to 10% per year without charge
Mortgage Rates
Rate data coming soon
We're working on adding live mortgage rate information for Principality Building Society. In the meantime, visit their website for the latest rates.
View rates on Principality Building SocietyApplication Process
Processing Time
2–4 weeks from application to offer
Online DIP
Yes — available online
Offer Valid For
6 months
Lending Criteria
Maximum LTV
95%
Max Loan Amount
£2m
Min Loan Amount
£25k
Rate Types
fixed, tracker, discount
Frequently Asked Questions
Does Principality Building Society only lend in Wales?
Does Principality Building Society offer buy-to-let mortgages?
Is Principality Building Society a mutual?
Can I get a Principality mortgage if I am self-employed?
How to Apply
Direct & Broker Access
You can apply directly with Principality Building Society or through a mortgage broker. Using a broker gives you access to the whole market and may secure better terms. Find a broker
Contact Information
Need a Principality Building Society Broker?
Find FCA-regulated mortgage brokers who have Principality Building Society on their lender panel.
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Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice. Always verify lender details directly and seek independent advice before making financial decisions.