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Britannia drops rates on three-year fixes

Britannia is reducing the rates on its three year fixed-rate mortgages by up to 25 basis points.

Available from Friday, rates will be available from 3.99%, up to 60% LTV, with a £549 arrangement fee.

Tim Franklin, managing director of member business at Britannia, says: “Britannia never offers better deals to new customers as we prefer to reward membership. Our members always come first, so it’s only fair that we offer our lowest rates to our existing, loyal members.”

The Society has also reduced the rates on its three-year fixed-rate mortgages for new customers by 20 basis points, with rates now starting at 4.24%, on a 60% LTV with a £549 arrangement fee.

The latest cuts follow the recent introduction of a new 15 year fixed-rate mortgage from Britannia.

The long-term fix allows customers to review the product every three years when they can switch to another Britannia mortgage, overpay by any amount, or redeem without charge.


Lenders need to stop squeezing the professionals

As we approach the end of Q1 2009, with many licking the deep wounds their organisations have suffered in the buy-to-let sector, no doubt they are now reflecting on their errors and looking for a way ahead.

Long-term hope for brokers

Brokers have long prophesied that with the base rate at an all-time low the market would see an opportunity for long-term fixed deals at some point. It seems that time has arrived.

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


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