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Britannic Money extends range of flexible loans

Britannic Money is adding two new fixed-rate deals to its range of flexible loans.

The lender claims the rates offers the perfect tonic to borrowers concerned about potential rises in interest rates.

Borrowers can fix for either two or three years at 4.49 per cent and 4.99 per cent respectively. Both loans are available up to 95 per cent loan to value and offer full flexibility including under or overpayments, payment holidays and no extended early redemption penalties.

Loans also feature daily interest calculations, free mortgage payment protection insurance for the first six months as well as a current account mortgage option.

There is a non-refundable booking fee of £299 payable on application and an early redemption penalty of 2 per cent if the loan is redeemed during the fixed-rate period.

Business development director Bob Perks says: “Our mortgages offer borrowers a winning combination – great fixed rates and full flexibility. With continued concerns about rising costs, these mortgages provide the perfect answer for any borrower looking for more financial security.”

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