Britannia fixed rate 10-year mortgage falls in price

24 November 2004
Ten-year fixed-rate mortgages have fallen in price at Britannia Building Society.

The mortgage rate now stands at 5.39 for mortgages up to 95 per cent of the value of the property. This represents a fall of 0.2 per cent from Britannia's previous rate for a ten-year fix.

Alan Long, head of marketing at Britannia, noted: "This product not only allows customers to budget and plan ahead, but gives long term value as well as peace of mind."

The mortgage carries a £349 arrangement fee.

Early repayment charges start at 13 per cent of the value of the loan and drop to two per cent by the last year of the fix.

To read more about fixed rate mortgages, click here.
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