Britannia re-introduces 90 per cent LTV

Available from this week, borrowers can take their pick of two, three, five, ten and 15 year fixed-rate deals with a choice of three LTV bands (up to 60%, up to 75% and up to 90%).

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% 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."

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% 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. Anyone requiring more information about Britannia's fixed-rate mortgages can visit one of the Society's 245 branches, log on to www.britannia.co.uk or call 0800 013 1140.