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Britannia launches 2-year fixed rate mortgage

Britannia is launching a new two-year fixed rate mortgage on October 28, offering a rate of 4.29% up to 95% LTV which is a drop of 20 basis points as the previous rate was 4.49%.

The initial rate on Britannias two-year discount tracker will also drop on Friday October 28, to 4.35%. The product will track Bank base rate currently 4.50%, minus 0.15% for the first two years and will then revert to Bank base rate plus 1.50% for the life of the mortgage.

There is an arrangement fee of 399 on both products, both are available to new and existing customers, and there is no compulsory insurance.

In addition to the above mortgages, Britannia is launching a two-year discount tracker remortgage package. The product has the same rate as the above discount tracker, but offers a free standard valuation, a free conveyancing service and no administration fee for remortgage customers.

Tim Franklin, managing director of Member Business, says: Although the money markets are moving upwards, Britannia is able to offer three extremely competitively priced products which should appeal to many customers.

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Strong dollar can be a powerful driver of UK dividend growth in 2015

By Robin Geffen, fund manager and CEO 

This year threatens to be a challenging one for UK dividend hunters. Last year saw an all-time record amount paid out in UK dividends — some £97.4bn, according to research from Capita Dividend Monitor. Yet as Capita also pointed out, out the biggest single factor driving the growth in the fourth quarter of last year was easy to identify: the rising US dollar. 

In our view, this trend is much more than simply a one-quarter phenomenon. It is actually the most profound issue to get right as a UK equity income investor in 2015. We believe that the US dollar will continue to strengthen significantly from its current level. This is due more to the US economy’s demonstrable de-coupling from the rest of the world than to a view on the UK. The US has a strong chance of tightening monetary conditions this year without jeopardising growth or de-stabilising its housing market. The same can unfortunately not be said about the UK.

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