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Britannia drops its SVR

Britannia has decreased its standard variable rate to 6.35%, dropping 40 basis points.

The SVR rate was 6.75% with two discounted tiers, however these tiers are now discontinued, offering one low SVR.

The lower SVR will offer a great saving to customers. Based on 100,000 repayment mortgage over 25 years, there is a saving of 300 approximately, per annum which works out at a monthly saving of 25 approximately.

Tim Franklin, managing director of member business at Britannia, says “For members on the existing SVR this will bring a welcome reduction to their monthly subscription, offering a great saving, whilst new borrowers can rest assured, that when their product has completed its discount or fixed rate period, they will be moving onto a competitive SVR.”


Plan ahead for a profitable venture

Sally Laker, managing director of Mortgage Intelligence, says that clear objectives and a coherent strategy can see an unprofitable business grow into a successful one

Housing Act 2004 fails both landlords and tenants

The National Federation of Residential Landlords says the government’s passing of the Housing Act 2004, fails both landlords and tenants.The aim of the act is to improve the standards and management of houses in mnultiple occupation. It requires landlords with properties of three or more storeys and occupied by five or more unrelated persons who […]

Charcol to retain mortgage broker focus

Charcol will remain a specialist mortgage broker rather than expanding into other areas of financial advice, but says it will refer business to an investment adviser.It also says it has no plans to become a national brand and will instead keep its focus on the South-East.The plans are part of a major restructure of the […]

BDS reveals Expo chopper bike winners

BDS Mortgage Group, the South-Coast based mortgage packager and distributor, announces the winners of its mortgage Expo raleigh chopper bike prize draw.Over 320 nostalgic delegates entered their prize draw over the two day exhibition, hoping to be transported back in time. The lucky winners who are riding away on one of the two bikes, supplied […]


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