Britannia offers new fixed rate mortgages

20 October 2006
The UK's second-largest mutual, Britannia Building Society, has unveiled two new mortgage products for consumers looking to fix their monthly repayments.

A new two year fixed rate mortgage with a competitive rate of 4.64 per cent has been unveiled, knocking 0.4 per cent off the previous best-buy rate of a similar product offered by Britannia.

In addition to the fixed rate mortgage, the building society has also offered customers looking to remortgage their property a similar two year fixed rate account, which is available fee-free.

According to Britannia the savings offered by the fee-free product total over £800 in arrangement fees, conveyancing fees and administrative and valuation costs.

The society's remortgage package is available at a rate of 4.94 per cent and both products are available for applications from today (Friday, October 20th).

"Both deals give borrowers the security of knowing exactly what their monthly repayments will be for the next two years," observed Britannia's managing director of member business, Tim Franklin.

To find out more about which mortgage deal may be best for you, click here.

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