Britannia trims its fixed rate mortgages

Britannia has trimmed up to 30 basis points from its two and five year fixed rate mortgages.

Tim Franklin, Managing Director of Member Business, said; "Available to new and existing customers, our new products give borrowers the peace of mind that their monthly payments will remain the same for the next two or five years, regardless of what happens within the wider economy. What's more, they offer borrowers a choice as there's a selection of rates and arrangement fees to best suit their needs."

Last week Britain's second largest building society launched a one year fixed rate product for existing customers only. With a rate of 5.99% and no arrangement fee, the product is aimed at those Britannia borrowers whose current fixed rate deal is coming to an end but who want a bit of breathing space before they commit to another deal.

For more information visit britannia.co.uk