Britannia launches new products

The Britannia building society is celebrating its 150th anniversary with the launch of several new home loans.

The mutual is offering two lifetime trackers for remortgagers and homebuyers, both at competitive rates. The 150th Anniversary Remortgage Tracker offers savvy homebuyers the chance to get a base rate plus 0.35 per cent mortgage for just £99 in arrangement fees.

Britannia will waive the first free standard valuation for the mortgage, as well as providing free conveyancing and compulsory disbursements.

First-time buyers and others may be interested in Britannia’s alternative anniversary lifetime tracker, which offers a competitive tracker of 0.25 per cent over the base rate.

However, unlike the remortgaging product, buyers will need to fork out £499 in arrangement and administration fees, while valuation and standard rate conveyancing also apply.

Mike Sims, senior marketing manager, said: “One hundred and fifty years is a significant milestone for Britannia Building Society, especially given the competitive marketplace we operate in today.

“These products are a great opportunity for our members to join in our celebrations, and customers can be confident of a competitive rate of interest as well as potentially benefiting from great remortgage packages for as little as £99.”

Homebuyers should compare mortgage rates before they choose a product.

© Adfero Ltd

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