90% LTV fixed rate mortgages from Britannia are coming back
Published: 5 June 2009
By MoneyhighStreet Staff Leave a Comment
Updated: 9 June 2009
From next week, Britannia is bringing back up to 90% LTV fixed rate mortgages.
The fixed rate mortgages, available from next week, will include a number of different fixed rate periods – 2,3, 5, 10 and 15 years.
As well as the up to 90% LTV mortgages, there will also be up to 60% LTV and up to 75% LTV deals available.
Britannia Managing Director of Member Business, Tim Franklin, said ‘Britannia has always taken a cautious and prudent approach to lending and with lower house prices and interest rates we feel this is the right time to help first-time buyers get on the property ladder.’
He added ‘With continued uncertainty about what will happen to rates in the coming months, now is also a great time to choose a fixed rate deal. Not only will borrowers get a great rate and up to 90%LTV, buy they’ll enjoy the peace of mind that their monthly payments will be protected for up to 15 years.’
Britannia is Britan’s second largest building society.
Britannia and Co-operative Financial Services are currently working on merging and are awaiting approval from the Financial Services Authority (FSA).
