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Britannia Building Society, Two-year fixed rates, www.britannia.co.uk

Lender says...

Britannia Building Society has reduced the rates on its two-year fixed rate mortgages.

One product is available up to 75 per cent loan-to-value at a rate of 5.44 per cent for a fee of £995. This deal is also available up to 90 per cent LTV at a rate of 6.19 per cent.

A two-year fixed rate is also available for a fee of £499 at rate of 6.19 per cent. This product is available up to 75 per cent LTV. Borrowers can obtain a loan of up to 90 per cent LTV for the same fee at a rate of 6.59 per cent.

Tim Franklin, managing director of member business for Britannia, said: "Borrowers opting for one of our new two-year fixed rates have a choice of options, depending on the size of their deposit.

"Whichever option they choose, they will have the reassurance that their payments will stay the same for the next two years."

These deals are available direct only.

Adviser says...

Sarah Smith, mortgage associate for Birmingham-based IFA Money4dentists, said the fees were excellent as a flat fee always gave better value than a percentage fee on large mortgages.

She said: "The 75 per cent LTVs are really competitive but I think we could do better elsewhere on the 90 per cent."

Three stars