Britannia Building Society has reduced up to 30 basis points from its two- and five-year fixed rate mortgages.

Tim Franklin, managing director of member business at Britannia, said: 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.