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Britannia discounts for two years without penalty

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&#39 free unemployment cover and free homebuyers cost

protection insurance included with the loan. An annual cash bonus is

available through Britannia&#39s members&#39 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&#39s regular benefits

attached to it.”

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