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Britannia Building Society announces 15 year fixed rate

Britannia Building Society is launching a 15 year fixed rate mortgage at a rate of 5.69 per cent for up to 75 per cent of property value.

Loans of 95 per cent loan to value are fixed at 5.89 per cent. A 10 year fixed rate option with the same rates is also available.

Britannia head of marketing Alan Long says: “We believe there is a real need in the marketplace for a longer term fixed rate. This will allow families to manage their finances and plan for the future with a greater degree of certainty”

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