The Hinckley & Rugby Building Society has reduced the interest rates on seven mortgages, including two buy-to-let deals.

The seven mortgages and their rate cuts are:

• The 95% LTV two year discount mortgage is down from 3.85% to 3.49%, increasing the discount off the Society’s SVR to 2.15%.
• The 95% LTV two year fix is cut from 4.75% to 4.59%.
• The five year fix at up to 90% LTV has been cut from 4.29% to 3.99%.
• The five year fix at up to 85% LTV has been cut from 3.85% to 3.35%.
• And the five year fix at up to 80% LTV has been cut from 3.48% to 3.24%.
• The two-year buy-to-let discount at up to 75% LTV has been cut from 3.19% to 2.85%. The discount off the Society’s buy-to-let BVR is increased to 2.79%.
• The buy-to-let two year discount at up to 60% LTV has been cut from 2.99% to 2.74%. The discount off the Society’s buy-to-let BVR is increased to 2.90%.

All fees and terms remain unchanged and are available at www.hrbs.co.uk – the 95% LTV mortgages are not available for new builds.

Hinckley & Rugby chief executive Chris White said: “In a highly competitive market these rate cuts should place several of our key mortgages into contention for buyers and their brokers. And they are delivered with our outstanding levels of personal, traditional service.”