Hinckley & Rugby cuts five-year fix to 3.59%

Published on

Hinckley & Rugby Building Society

The Hinckley & Rugby Building Society has reduced the rate of its five-year fixed rate mortgage to 3.59%.

The rate of the 80% loan-to-value (LTV) mortgage has been reduced from 3.79%.

The five year fixed rate mortgage now runs until April 30 2018, after which it reverts to the Society’s Standard Variable Rate (SVR), currently 5.64%.

The fees remain unchanged. There is an arrangement fee of £195 and a completion fee of £695.

There are free valuations for property values up to £1 million.

Chris White, the Hinckley & Rugby’s chief executive, said: “Buyers looking for the certainty of a long fix are now able to get a very attractive rate which runs until 2018.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Advice Guru partners with Pure Retirement to support broker education

Financial adviser learning platform Advice Guru has announced a new sponsorship partnership with Pure...

Nationwide ups LTV limits for interest-only and foreign national borrowers

Nationwide has announced changes to its mortgage lending criteria, increasing the maximum loan-to-value (LTV)...

Lloyds expects swell in completions ahead of stamp duty deadline

Lloyds Banking Group anticipates a 50% growth in property completions this month as buyers...

Satchell the latest to leave HTB bridging division

Lorenzo Satchell has become the latest senior member of the bridging team at Hampshire...

Other news

Advice Guru partners with Pure Retirement to support broker education

Financial adviser learning platform Advice Guru has announced a new sponsorship partnership with Pure...

Nationwide ups LTV limits for interest-only and foreign national borrowers

Nationwide has announced changes to its mortgage lending criteria, increasing the maximum loan-to-value (LTV)...

Lloyds expects swell in completions ahead of stamp duty deadline

Lloyds Banking Group anticipates a 50% growth in property completions this month as buyers...