About Britannia Loans & Britannia Mortgages!

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You have arrived at Loan Seeker as you may be searching for a Britannia loan or Britannia mortgage. As Loan Seeker is not connected to the Britannia Building Society, we are not tied to the Britannia lender panel. Loan-Seeker does not guarantee to find you a Britannia loan or mortgage: this article is intended to outline the loan products that the Britannia offers.

The Britannia Building Society and Britannia Loans

The Britannia Building Society is the second largest mutual lending society in the UK, and after the demutualization trends of the 1990s, represents the forefront of the remutualization trends of the 21st century, as regulations put in mutual lending societies have reversed the trend of converting building societies into banks for stock market exchange benefits.

The Britannia Building Society traces its history back to the Leek and Moorlands permanent Benefit Building society, founded in 1856. Through a series of mergers and acquisitions, it grew rapidly in the 1960s and 70s, absorbing Westbourne Park in 1965 and Eastern Counties Building Society in 1974. It recently acquired the bank and branch network of Bristol and West, which was the first significant remutualisation of a bank chain in UK history. The Britannia Building Society merger and integration of the Bristol and West assets was completed in July of 2006.

Britannia's roster includes over 3 million members, and they lend nearly £7 billion per annum, on total group assets of £32 billion. The Britannia Building Society also has several subsidiary companies, in residential and commercial lending, even to offshore savings, with the profits from these subsidiary companies distributed to shareholders in the society as a mutualized benefit statement. Britannia's donations to charity are also worth noting, with over £3 million disbursed through their Community Fund and Britannia Building Society Foundation.

Britannia Loans and Britannia Mortgages

The Britannia Building Society maintains one of the lowest rates of arrears and repossessions in the UK, and has in integral credit counseling service as well. Britannia, like most mutual lending societies, uses membership and financial history to make sure Britannia loans and Britannia mortgages are mutually beneficial.

Britannia members are offered a wide range of services, from banking, checking and debit card transactions to Britannia loan products ranging from auto loans, Britannia mortgages, educational loans and personal loans. Britannia personal loans have payment terms of 2 to 7 years on amounts ranging from £1,000 to £25,000, with lower interest rates applied to longer repayment periods.

Britannia also offers its members the usual terms for Britannia mortgages, emphasizing support for first time home buyers, and sells remortgages to qualified homeowners, allowing them to convert equity in their home to cash for home improvements, debt consolidation and other purposes. Remember though, because there is always the risk that a home can be repossessed as part of a remortgage, be sure that you can afford the repayments.

Britannia Building Society and Loan-Seeker.co.uk

Loan Seeker is not directly connected to the Britannia Building Society and does not currently promote Britannia loans or Britannia mortgages. Loan Seeker also does not currently work for the Britannia Building Society in any way but we may at any time choose to introduce visitors to Loan-Seeker.co.uk to the following Britannia loan products:

Loan Seeker is an independently owned resource that works with a number of different lender partners at any given time, according to the terms and conditions offered by the particular lender we work with: we always try to match you to the best loan products available! As the Britannia can only ever offer you Britannia Building Society loans and Britannia mortgages, you cannot be sure that you will get the best deal. However, if you specifically want a Britannia loan, you should visit the Britannia Building Society website here: www.britannia.co.uk.