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Britannia expands mortgage range

Britannia Building Society is adding three new products to its mortgage range.

The new products include a first-time buyers loan, a five-year fix and a 10-year fix, all of which Britannia claims to be highly competitive with no extended penalties.

The FTB loan offers a fixed rate of 3.99 per cent up to 75 per cent loan to value or 4.19 per cent up to 95 per cent LTV for the first 18 months of the loan. The mortgage has no arrangement or valuation fees and no mortgage indemnity guarantee charge.

The five-year loan is fixed at 4.54 per cent up to 75 per cent LTV and 4.64 per cent up to 95 per cent LTV while the 10-year is fixed at 4.99 per cent up to 95 per cent LTV. Both loans carry no extended tie-in after the fixed-rate period has lapsed.

Head of marketing Alan Long says: “In the current property boom, there is a high demand for mortgages which fit the customers&#39 needs. These three not only offer an excellent rate but also give customers a choice of what suits them best.”

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