26
Mar
Building society cuts mortgage rates
Britannia Building Society has announced cuts to its three-year
fixed-rate mortgage deals with effect from tomorrow (March
27th).
The lender said it would trim these rates by up to 0.25 per cent
for existing members, with the cheapest offer being set at 3.99 per
cent with a loan-to-value (LTV) ceiling of 60 per cent and an
arrangement fee of £549.
Rates for new customers have been trimmed by up to 0.2 per cent,
with the lowest figure being set at 4.24 per cent, a 60 per cent
LTV and a £549 fee.
Another lender to announce a reduction in mortgage rates is
Woolwich.
It is making cuts of between 0.1 per cent and 0.5 per cent to its
fixed and tracker mortgages, with the largest reduction applying to
its five-year fixed-rate deals with a 70 per cent LTV and a fee of
£995.
The rate on these is falling from 5.29 per cent to 4.79 per
cent.
