Britannia introduces new mortgages

Britannia has introduced a range of new two-year and three-year mortgage products.

The lender, which was recently named the Best Medium Term Fixed Rate Provider and Best Overall Fixed Rate Mortgage Provider at the Moneyfacts Awards, has launched four new deals.

Rates for the company''s two-year fixed option one start at 6.39 per cent with a 50 per cent loan to value (LTV), while option two begins with rates of 6.74 per cent.

In addition, its three-year fixed option one has initial rates from 6.64 per cent for a 75 per cent LTV and option two starts from 6.94 per cent.

Britannia managing director Tim Franklin said: "With uncertainty around the future of interest rates, more borrowers are looking for the security of a fixed-rate mortgage.

"Britannia''s mortgage range not only offers this peace of mind, but also offers a choice of packages to suit the borrower''s circumstances."

Last week, Alliance & Leicester also launched a new mortgage product.

The company''s new two-year base rate tracker has a starting rate of 5.98 per cent.

back