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Britannia sets sail in long term mortgage market

Britannia sets sail in long term mortgage market

Category: Mortgages

Updated: 10/02/2010
First Published: 10/02/2010

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Britannia has unveiled something sure to be of interest to mortgage borrowers looking towards the long term.

Its new 10 year fixed rate mortgage at a rate of 5.29% is ideal for homebuyers with a 25% deposit, and the best rate available in that market.

A fee of £999 is reasonable too, while there's an incentive package for remortgages of free valuation and legal fees to boot.

A no fee option is also available at the slightly higher rate of 5.49%.

Sailing on serenely, this product earns four out of five Moneyfacts stars.

"Our mortgage range continues to offer borrowers a choice of rates and fees which means that borrowers can choose the product which best suits their needs," said John Hughes, Business Leader for Retail Products at The Co-operative Financial Services.

"As these rates are aligned across Britannia and The Co-operative Bank it also means that borrowers have even more access to our market-leading rates which are available in more than 300 branches, online and on the telephone."

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Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.