Britannia launches 10-year fixed rate mortgage

Britannia has today launched a ten-year fixed rate mortgage at 4.89% with up to 95% LTV. The product will involve a 399 arrangement fee, and an administration fee of 100 will also apply.

Paying off the mortgage within the ten-year fixed rate period will incur early repayment charges. The mortgage will be available to first time buyers, those wanting to move and those who wish to remortgage. The minimum deposit id 5%, however, customers who pay a 10% or more deposit will benefit from higher lending charge paid.

Britannia offer benefits for those taking out a mortgage with them, including no premiums to pay for the first six months when taking out a policy for accident, sickness and unemployment cover.