Those looking to
find a remortgage could benefit from a new two-year discount tracker
remortgage package launched by Britannia Building Society.
The
mortgage lender offers an initial
mortgage rate of 4.50 per cent that tracks the Bank of England base rate. The
mortgage rate has been reduced by ten basis points, as it used to be at 0.10 per cent above the Bank's interest rate.
This mortgage rate cut applies to
remortgages up to 95 per cent loan to value.
Tim Franklin, managing director of member
business at the mortgage lender said these changes offer customers looking to find a remortgage an attractive option.
"The 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 to Britannia," he commented.
Additional benefits include that there is no administration fees or early repayment charge.
A free standard valuation and free conveyancing (excluding disbursement fees) are also included.
Britannia Building Society is the second biggest building society in the UK.
As well as offering all the products you would expect from a large building society, Britannia also provides a range of specialist services.
