Hinckley & Rugby Building Society has launched two new fixed rate mortgages.
They are a five-year fix at 3.39% and a two-year fix at 2.59%.
Both fixes have maximum loan-to-value (LTV) of 75% and a maximum loan of £300,000. There is a free property assessment where the value is £1 million or less.
The two-year fix has an arrangement fee of £295 and a completion fee of £695. The overall cost for comparison is 5.2% APR.
The five-year fix has an arrangement fee of £100 and a completion fee of £695. The overall cost for comparison is 4.7% APR.
Both have early repayment charges during the fixed-rate periods but overpayments of up to 10% per year may be made without incurring this charge.
Chris White, Hinckley & Rugby chief executive, said: “We are expecting a lot of interest in these very attractive rates from borrowers and those remortgaging who want the reassurance of a low-priced fix.
