New fixed-rate mortgage deals
30th June 2008
The uncertainty over the current economic climate and fears over the future of the housing market are pushing people to opt for security when it comes to their mortgages.
That is why Britannia has reduced the cost of some of its two and three-year fixed rate mortgages.
Speaking about the changes, Tim Franklin, Managing Director of Britannia, said: "With uncertainty around the future of interest rates, more borrowers are looking for the security of a fixed-rate mortgage. Britannia's mortgage range not only offers this peace of mind, but also offers a choice of packages to suit the borrower's circumstances."
Independent financial advisors, Moneyfacts, recently awarded Britannia Best Medium Term Fixed Rate Provider and Best Overall Fixed Rate Mortgage Provider.
An average two-year fixed rate mortgage is now above seven per cent, the Telegraph reported today (June 30th).
Talking to the Times about the current situation with the housing market, Aaron Strutt at Chase De Vere Mortgage Management, said: "Borrowers need to be quick if the want to secure a deal."