Britannia's new 10 year fixed rate mortgage is offering a rate of 4.99% (APR 5.6%) up to 95% LTV and has an arrangement fee of £349. The product previously had a rate of 5.14%, which means a drop of 15 basis points.
Britannia's five year fixed rate mortgage has a new rate of 4.89% (APR 6.0%) up to 95% LTV, and the new two year fixed rate mortgage offers a rate of 4.89% (APR 6.3%) with both products having an arrangement fee of £349.
Alan Long, head of marketing for Britannia, said: "Customers opting for a fixed rate mortgage normally have to pay a little bit extra for the privilege of peace-of-mind over a set period, but these three mortgages are highly competitive and offer choice for the man-in-the-street."
These mortgages are available to all borrowers, from house purchasers and remortgagers, and are portable.
