Britannia mortgage 'has something for everyone'

Date:Friday 16th April 2010
Author: Max Freedman

Everyone can benefit from one of Britannia and The Co-operative Bank's mortgage range, according to the financial services providers, which have just dropped the interest rate on some of their products.

The firm's two, three and five-year fixed-rate mortgages have seen interest rates fall by 0.25 per cent and business leader for The Co-operative Financial Services John Hughes has suggested that there is something in the range to suit everybody.

He highlighted how there are options available that have no fees attached and others that have specific styles of interest rate, such as capped or variable.

"Our current mortgage range is one of the most competitive in the market, with best buy products for our two, five and ten-year fixed range as well as the three-year tracker," stated Mr Hughes.

The lowest interest rate among the new mortgage deals is for the two-year fixed-rate arrangement at a loan-to-value (LTV) of up to 75 per cent, which stands at 4.19 per cent.

Last month, the two companies launched a three-year tracker mortgage at 2.49 per cent interest at the same LTV.