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Fixed mortgage and remortgage rates slashed

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Britannia Building Society has announced that it is to go against the current trend of increasing the mortgage rate of fixed rate mortgages .

The mortgage lender has cut its two-year fixed mortgage rate to 4.24 per cent, a reduction of five basis points.

Those hoping to find a remortgage could also benefit from a cut of five basis points. The mortgage lender has cut the remortgage rate on its two-year remortgage deal to 4.39 per cent.

Remortgage customers receive free administration and conveyancing, as well as a free standard valuation .

Like for the regular mortgage customers, an arrangement fee of �399 is payable on the remortgage package.

Britannia is continually looking to offer good value for members as well as provide a great level of service, comments Tim Franklin, the mortgage lender's director of member business.

Both these mortgage deals are available to new and existing members.

Britannia Building Society is the second biggest building society in the UK.

As well as offering all the products you would expect from a large building society, Britannia also provides a range of specialist services.

Subsidiaries and specialist departments offer everything from commercial lending and intermediary lending, help for those people with special or slightly unusual requirements, to tax-free offshore savings .

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