Hinckley & Rugby Building Society has cut the interest rates on four fixed rate mortgages.

The two-year fix at up to 80% LTV (Loan to Value) has been cut from 2.39% to 2.34%.

Three five-year fixes have seen their interest rates cut:

• Up to 80 per cent LTV – rate cut from 3.59% to 3.48%
• Up to 85 per cent LTV – rate cut from 3.99% to 3.85%
• Up to 90 per cent LTV – rate cut from 4.75% to 4.49%

All other terms remain the same. The fees stay at £199 on application and £800 on completion. The mortgages have a free valuation up to £1 million.

Hinckley & Rugby chief executive Chris White said: “Fixes are at the forefront of many buyers’ minds, especially so with so much speculation about a Bank of England base rate rise in the coming months. So these mortgages are now even more highly attractive.”