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Price Cuts At Britannia |
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(25th September 2008)
Britannia Building Society has reduced the cost of many of its mortgage products.
The mortgages.com" title="" target="_parent">mortgage lender has cut the price of some of its fixed-rate homeowner loans and its tracker deals as well as slashing rates on its buy-to-let mortgage products.
Britannia has also changed its loan-to-value LTV banding, offering buyers a choice of mortgage products worth 60, 80 or 90 per cent of the total value of a property.
Managing director of member business at Britannia Tim Franklin said: "Last week we introduced a number of cuts to some of our mortgages, now we have brought the rest of our mortgage range in line."
He added that first-time buyers were given more choice depending on the size of their deposit as a result of the wider LTV choice on its new deals.
Meanwhile, new research by mform.co.uk found that there are 80 per cent fewer mortgages available to first-time buyers with a ten per cent deposit than there were last year.
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