Britannia reduces cost of fixed rate mortgages

Britannia has reduced the cost of its fixed rate mortgage range by up to 55 basis points. Available from Friday 21 November, the highlights of the new range include a five-year fixed rate at 5.49% to 60% LTV with no arrangement fee.

Tim Franklin, Managing Director of Member Business, said: "None of our fixed rate mortgages have arrangement fees, and some also have free standard valuations, so borrowers can get a great rate for up to ten years with little to pay upfront."

Britannia is also offering borrowers whose mortgage deals are due to end in the next few months, the chance to secure their mortgage deal now.

Tim added: "If someone's current deal is coming to an end in the next few months they don't have to miss out on our current deals. They can arrange their mortgage now and we'll reserve it for them until next year."

Borrowers wanting more information about Britannia's mortgages, should visit britannia.co.uk