Principality Building Society is launching mortgage products to help more first-time buyers and next-time movers in England.
From the end of May, Principality will offer mortgages to support those buying a new build property through the UK government-backed Help to Buy England scheme.
The Society will be offering five-year fixed-rates at 75 per cent loan to value (LTV), which come with a free standard mortgage valuation.
Julie-Ann Haines, chief customer officer at Principality Building Society, said: “We hope that these products will help to support a wide range of borrowers including first-time and next-time buyers to own their home.
"This goal is one that is very close to our own hearts, helping people to prosper throughout their lives.
“We’ve responded to broker feedback by introducing Help to Buy England products to our range of intermediary mortgages.
"We are focused on growing our business and continually review the products that we are offering to ensure we are relevant in the market place and providing the products that clients are looking for.”
Craig Hall, new build manager at Legal & General Mortgage Club, said: “Help to Buy has now assisted almost 160,000 completions to date in England. It is great to see Principality extending its participation in the scheme and further support its commitment to the new build sector.”
Carl Shave, a director at Suffolk-based Just Mortgage Brokers, said with a "healthy" Help to Buy market, "it is pleasing to see another lender entering the fray".
"Principality’s choice to start offering mortgages in this sector will give greater choice to those needing this type of mortgage and with more competition help keep the products on offer keenly priced.”
