Britannia's tracker mortgage launched

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Britannia's tracker mortgage launched

Britannia Building Society is launching its new two-year discount tracker re-mortgage package.

The new product has seen the rate drop by 0.1 per cent to the equivalent of the base rate at 4.5 per cent.

Customers also benefit from no administration fee, free conveyancing (excluding disbursement fees) and free standard valuation.

There is a 95 per cent LTV for the first two years, which comes with an arrangement fee of £349 and there is no early repayment charge.

Tim Franklin, managing director of member business at Britannia, said: "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 to Britannia."

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