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A financial services provider has reduced the costs of some of its mortgages, it has been revealed.
In news that may be welcomed by consumers experiencing personal finance issues, Britannia has announced it is cutting its two- and ten-year fixed-rate mortgages, as well as its buy-to-let range and its flexible and offset packages.
Commenting on the move, Tim Franklin, managing director of member business at Britannia, 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 the firm has changed the loan-to-value bands across its whole range of home loans in an effort to provide consumers with more choice.
Recently, consumers were urged by uSwitch.com to make the most of cuts in personal loan rates introduced by Moneyback Bank.
The firm decreased the interest it charges on loans valued between £7,500 and £15,000 from 8.4 per cent to 7.8 per cent, in a move described by uSwitch.com as part of a yo-yo strategy.
