Britannic launches 5 year stepped discount rate

Britannic Money, the market leading flexible and Current Account Mortgage

specialist today takes the top spot as their Flexible Start Mortgage 5 year

discount offers the lowest start rate available in the marketplace.

Their Flexible Start Mortgage now gives any borrower (specifically a first

time buyer) more choice and better value with a headline rate of 3.89%

available with either of the following options: free remortgage legal advice and £200 cashback or no free remortgage legal advice and £350 cashback.

Britannic Money has also decided to scrap the 'high lending fee', to encourage high loan-to-value borrowers.

All Flexible Start Mortgages have the following as standard:

* A current account option from day one

* No extended early redemption period

* No arrangement fee

* Free MPPI cover for the first 6 months of the mortgage.

Rachel Ramsden, Head of Marketing at Britannic Money said: "Our Flexible

Start Mortgage just keeps getting better and better. Not only do we have the

most competitive 5 year stepped discount mortgage available but the removal

of the high lending fee means that borrowers will save even more."

Indeed, the removal of this fee means that a customer borrowing 95% on a

£100,000 property will save £1,600.

Ramsden adds: "This is particularly good news for first time buyers, as at a

time when they are faced with endless bills, on top of the cost of setting

up home - any savings offer a welcome reprieve".