Britannia unveils new fixed rate mortgage

Share This:

• 

Text size: A A A

Britannia Building Society has unveiled a new fixed rate mortgage.

The five-year deal offers a competitive rate of 5.14 per cent, with loans available up to 95 per cent of the propertys value.

A £399 arrangement charge and a £100 administration fee are required to take out the mortgage.

Britannia has also released details of its new five-year remortgage package.

Similar to the above deal in that it has a maximum LTV of 95 per cent and a £399 arrangement fee, this mortgage has a rate of 5.34 per cent.

With no administration fee and a free first standard valuation, the offer is expected to prove popular with consumers.

Tim Franklin, managing director of Member Business at the firm, commented: "Now is a good time for borrowers to consider the security of a fixed-rate mortgage following the recent rate increase and speculation of further increases.

"This removes uncertainty of rate rises and ensures a great rate for five years."

Important Notice
This guide is intended for general information only and is not intended as, and does not constitute, any form of advice, recommendation or endorsement by us of any particular product(s) or services and you should rely on your own further research and professional advice in relation to your specific requirements and circumstances before purchasing any products or services. Use of this guide is subject to the Terms of Use of the KnowYourMoney site.