Get Expert Support for Principality Mortgages
Specialist Support for Principality Mortgages
Principality Building Society is a trusted UK lender offering residential and buy-to-let mortgages. Known for flexible lending and personalised service, Principality provides options for borrowers with non-standard income or unique circumstances. At Mortgage‑Tek, we connect you to Principality’s best deals with expert guidance every step of the way.
We work with more than 120 mortgage lenders, including
Why
Why Principality Mortgage Is a Great Option
Why Principality Mortgage Could Be the Right Fit for You
Principality Mortgages are ideal for borrowers who may not meet traditional lending criteria. Self-employed professionals, contractors, and those with complex income benefit from their flexible approach, where real underwriters assess applications instead of relying solely on automated systems.
They offer competitive rates across residential and buy-to-let mortgages. As a broker-focused lender, Mortgage‑Tek ensures you access Principality’s right product, handles all paperwork, and guides you through the entire mortgage journey.
Criteria of Principality Mortgage
Who Can Apply for a Principality Mortgage?
Broker Requirement
Applications must be submitted via authorised mortgage brokers; direct applications are generally not accepted.
Age Criteria
Applicants must be at least 18 years old, with maximum age typically 70–75 at mortgage term end.
Residency Status
UK residency required with verifiable address history.
Minimum Income
Minimum income usually £25,000; rental income must meet Principality’s Interest Coverage Ratio (ICR), typically 125%–145%.
Self-Employment History
Minimum 12 months trading history with supporting documents (SA302s, tax returns).
Contractor Criteria
Provide current contract and proof of day-rate income or work history; some zero-hour contracts may be considered.
Credit Profile
Clean credit history preferred; minor issues may be considered case-by-case.
Property Standards
Property must meet Principality’s valuation and construction requirements.
Affordability Checks
Must pass stress and affordability tests to ensure repayment capability.
Benefits of Securing Principality Mortgage
Why Choose a Mortgage from Principality Mortgage?
Principality offers competitive rates, flexibility, and a personalised approach for borrowers with non-standard circumstances.
Flexible Credit Policy
Supports self-employed, contractors, freelancers, and non-traditional income applicants.
Manual Underwriting
Real underwriters review applications, improving approval chances for unique cases.
Competitive Interest Rates
Fixed, tracker, and broker-only deals often outperform high street offerings.
Buy-to-Let Friendly
Suitable for individual and limited company landlords, portfolio investors, and first-time landlords.
Product Switch Options
Existing customers can switch products without a full remortgage.
Trusted Lender
Principality provides stability and experience for borrowers outside mainstream lending.
Partnering with Principality Mortgage
Our Role in Securing Your Principality Mortgage
Mortgage‑Tek works closely with Principality to help you secure the right mortgage product efficiently. From first conversation to final approval, we manage comparisons, prepare your application, and liaise directly with Principality, saving time and reducing errors.
Compare & Find the Right Mortgage For You
Compare Principality Mortgage with Other UK Mortgage Options
Mortgage Comparison
See how Principality’s flexible criteria and competitive rates compare to other UK lenders.
Mortgage Quote
Get a personalised Principality mortgage quote via Mortgage‑Tek with clear, no-pressure guidance.
BORROW
Curious About How Much You Can Borrow?
Estimate your borrowing potential using our calculator. Ideal for first-time buyers or property investors. No credit checks, instant results.
Your Estimated Borrowing Amount
Let’s Connect
Looking to speak with an expert about Principality Mortgages?
We guide you through Principality mortgage products, helping you secure a deal that suits your circumstances with fast, clear, and personalised advice.
FAQ’s
Can I apply directly with Principality?
 No, applications are typically made through authorised brokers like Mortgage‑Tek.
Does Principality accept self-employed or contractor applicants?
Yes, with at least 12 months of income history and supporting documentation.
What is the minimum deposit required for a Principality mortgage?
Residential: usually 5% deposit (95% LTV). Buy-to-let: generally 20–25% depending on circumstances.
Can limited company landlords apply for buy-to-let mortgages with Principality?
Yes, with additional documentation like company accounts and director details.
How long does it take to get a mortgage offer from Principality?
Typically 10–15 working days after submission of all required documents.
What credit score do I need to qualify with Principality?
No official score published; clean credit history helps. Minor credit issues considered case-by-case.