Britannia Building Society is rolling out a new discounted mortgage
product offering a rate of 4.79 per cent for the first two years.
The new rate applies to mortgages up to 75 per cent loan to value while
loans up to 95 per cent LTV, a rate of 4.99 per cent applies.
The product has a £295 arrangement fee and no early repayment fees.
There is 12 months' free unemployment cover and free homebuyers cost
protection insurance included with the loan. An annual cash bonus is
available through Britannia's members' loyalty bonus scheme.
Britannia claims the mortgage is a market-leading product and mortgage
brokers say it is currently one of the cheapest products without surrender
penalties attached on the market.
Britannia spokeswoman Joanne Hine says: “We are always looking to offer
our members and potential new customers the best rates. This is a
market-leading discounted rate and has all of Britannia's regular benefits
attached to it.”