Britannia is re-introducing a 90 per cent loan to value (LTV) option across its mortgage range in addition to cutting many of its fixed-rates.
Borrowers can take their pick of two, three, five, 10 and 15 year fixed-rate deals with a choice of three LTV bands (up to 60 per cent, up to 75 per cent and up to 90 per cent).
Tim Franklin, managing director of Member Business, said: "We've listened to the feedback from our customers, particularly first-time buyers, and they've told us that the 90 per cent LTV option would really help them. It's about giving all borrowers even more choice, with products to really suit their needs.
"Britannia has always taken a cautious and prudent approach to lending and with lower house prices and interest rates we feel this is the right time to help first-time buyers get on the property ladder."
The highlight of Britannia's new range is a five-year fixed rate package at just 5.34 per cent, up to 90 per cent LTV, with an arrangement fee of £999.
Tim added: "With continued uncertainty about what will happen to rates in the coming months, now is also a great time to choose a fixed rate deal. Not only will borrowers get a great rate and up to 90 per cent LTV, but they'll enjoy the peace of mind that their monthly payments will be protected for up to 15 years."
The new range is available to all borrowers.
Date: 9th, June, 2009
Author: Ben Wilkie
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