Britannia Building Society has launched a new two year
remortgage package, which has an initial rate of 4.5 per cent and offers up to a 95 per cent
loan to value.
The package offered has no administration fee for setting up the
mortgage account but it does have an arrangement fee of £349. Other benefits include free standard valuation,
conveyancing (excluding disbursement fees) and no early repayment charge.
The discount tracker mortgage package is aimed at those customers looking for remortgage products and is hoped to do envisaged to do well in the current market climate.
Tim Franklin, managing director of member
business for Britannia Building Society says "This new product, at
bank base rate for the first two years coupled with the additional benefits, makes the discount tracker product very attractive to customers looking to remortgage."
Jane King,
mortgage adviser for
IFA Ash Ridge says, "this product looks set to perform very well in the market" and " although it is not the best tracker on the market. I think I would recommend it to clients depending on their circumstances but the remortgage rate is a bit high."
