Britannia launches fixed rate products

Britannia's two year fixed rate mortgage has a rate of 4.74% (APR 6.3%) up to 95% LTV and the five year fixed rate is at 4.84% (APR 6.0%) up to 95% LTV.

In addition, Britannia has launched a two year fixed rate remortgage package at 4.89% (APR 6.3%) up to 95% LTV, and a five year fixed rate remortgage package at 4.99% (APR 6.0%) up to 95% LTV, from 10th June. Both remortgage products have an arrangement fee of only £349, no administration fee, a free standard valuation and Britannia will provide a free conveyancing service (excluding disbursements).

In addition, these mortgages have no extended penalties and are fully portable.

Dominic Facci, acting head of marketing at Britannia, said: "Britannia's mortgage range is designed to suit each individual's needs and these new fixed rate products offer a competitive rate whilst enabling customers to budget in the knowledge that their mortgage repayments will not change."