Britannia has trimmed up to 0.30% from its two and five-year fixed rate mortgages.

The two-year fixed rate options start at 5.99% for a 50% loan-to-value mortgage, while a 75% LTV costs 6.39% and 90% LTV charges 6.79%. All three have an arrangement fee of £499. A free-fee option has interest rates of 6.34%, 6.69% and 7.09% respectively, while a two-year fixed option with a £999 arrangement fee has interest rates of  5.64% for 75% LTV and 6.39% for 90% LTV.

The five-year fixed-rate options range from 5.79% for 75% LTV and a £999 arrangement fee, to 6.89% for a fee-free 90% LTV loan.

"Available to new and existing customers, our new products give borrowers the peace of mind that their monthly payments will remain the same for the next two or five years, regardless of what happens within the wider economy. What's more, they offer borrowers a choice as there's a selection of rates and arrangement fees to best suit their needs," said Tim Franklin, Managing Director of Member Business.

Last week Britannia, which is Britain’s second-largest building society, launched a one-year fixed-rate product for existing customers only. With a rate of 5.99% and no arrangement fee, the product is aimed at Britannia borrowers whose current fixed-rate deal is coming to an end but who want a bit of breathing space before they commit to another deal.

More information can be obtained from Britannia branches, by calling 0845 121 7912 or by visiting www.britannia.co.uk.

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