Britannia mortgage launched for first-time buyers
www.moneynews.co.uk > Mortgages > Britannia mortgage launched for first-time buyers
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Money News |
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Britannia mortgage launched for first-time buyers
Thu 19th Jan 2006
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The mortgage, which will be launched tomorrow, comes with a fixed rate of 4.99 per cent.
There are no administration or arrangement fees payable by potential first-time buyers, furthermore, no higher lending charges apply.
In total, customers could save over £600 in fees by choosing this Britannia mortgage.
Tim Franklin, managing director of member business at Britannia, said that it was "hard enough" for first-time buyers to save for the initial deposit, without having to worry about additional administration costs.
Meanwhile, customers who have saved up for a deposit will be rewarded, as the Britannia mortgage can be tailored to the individual.
The mortgage has been divided into three tiers - which one a particular customer falls into depends on how much has been saved for the deposit.
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