The Hinckley & Rugby brings back duo of discount deals

Published on

Hinckley & Rugby Building Society has reintroduced two lifetime discount mortgages.

The first deal to be resurrected is the lifetime discount at 3.79% interest (a discount of 1.85% from the SVR) for up to 85% LTV. The mutual says the overall cost for comparison is 4.0% APR.

The second mortgage reintroduced is at up to 75% LTV and charges 3.29% (AER) (a discount of 2.35% from the SVR). The overall cost for comparison is 3.4% APR.

Both mortgages are available with an offset option and require arrangement fees of £195 at 75% LTV and £395 at 85% LTV.

Both deals come with a completion fee of £695.

Chris White, the Hinckley & Rugby’s chief executive, said: “Lifetime discount mortgages are enduringly popular and the return of these 75% and 85% LTV mortgages will particularly appeal to buyers with those levels of deposit.”

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

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...

Mortgage product availability surpasses 25,000 for the first time

The number of mortgage products available in the UK has reached an all-time high,...

ASG Finance launches loan for HNW investors

ASG Finance has introduced its latest funding initiative: the ‘Base Rate Beater’ secured investment...

Other news

Why it matters that bridging hit more than £10bn last year

We see many numbers bandied around in the financial industry, which can sometimes have...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Newcastle for Intermediaries adds three-year fix range to mortgage offering

Newcastle for Intermediaries has introduced a new range of three-year fixed rate products. It said...