Britannia launches new range of mortgage products

16-Aug-2006

Britannia will be launching a number of new mortgage products on Friday August 18th; of potential interest to first time buyers is the new three-year fixed-rate first time buyer package.

Interest is charged at a rate of 5.44 per cent for loan-to-value (LTV) levels up to 75 per cent; 5.54 per cent is offered for a LTV of 90 per cent, while a LTV of 95 per cent will increase interest rates to 5.84 per cent.

Other packages include a two-year fixed rate option at 5.04 per cent, a two-year fixed remortgage package at 5.34 per cent, a three-year fixed rate at 5.04 per cent and a three-year fixed remortgage product at 5.34 per cent.

All mortgages within the range feature a maximum LTV of 95 per cent; a number of five and ten-year fixed rate options are also available.

Early repayment charges and arrangement fees may be applicable.

In addition to mortgages, Britannia offers a number of financial products, including savings and current accounts, credit cards and unsecured loans.

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