Britannia has recently reduced the interest rate on their fixed rate mortgages and say they have no arrangement fees on them either. Their new fixed rate range of mortgages features a five year fixed rate mortgage. Loan to Value (LTV) is still quite low, and their Managing Director of Member Business, Tim Franklin, said:
“None of our fixed rate mortgages have arrangement fees, and some also have free standard valuations, so borrowers can get a great rate for up to ten years with little to pay upfront.
“If someone’s current deal is coming to an end in the next few months they don’t have to miss out on our current deals. They can arrange their mortgage now and we’ll reserve it for them until next year.”
Many mortgage lenders are offering free reviews of homeowners current mortgages and those coming to the end of a deal should start looking round early to give themselves time to find the best deal for them.