Hinckley & Rugby Building Society is cutting the interest rates on four of its mortgages on December 14 by up to 0.4 percentage points.
The mutual’s 90% LTV two-year discount mortgage will fall to 4.24% from 4.64%, with an arrangement fee of £295 and a completion fee of £695.
The same two year discount mortgage but at up to 80% LTV is going down from 3.24% to 3.15%. There is an arrangement fee of £195 and a completion fee of £695.
Meanwhile, the five year fix at up to 80% LTV, will be available at 3.79% from 3.99%. It comes with an arrangement fee of £195 and a completion fee of £695.
The final rate cut is on the Society’s buy-to-let mortgage at up to 75% LTV. That falls from 4.19% to 3.99%. There is an arrangement fee of £250 and a completion fee of £1,250.
Chris White, the Hinckley & Rugby’s chief executive, said: “Hinckley & Rugby has enjoyed a very successful 2012 and ends the year with a healthy pipeline of mortgage business.
“We wish to continue that success story into 2013 and have reduced the rates on some of our most popular mortgage products to ensure they remain competitive. All our mortgages are backed by our famous personal customer service.”
