Hinckley & Rugby Building Society has cut the interest rates on two of its two-year discount mortgages – including one at 90 per cent LTV (loan-to-value).
The 90 per cent max LTV mortgage is reduced from 4.85 per cent to 4.64 per cent, offering a discount of 1.00 per cent off the SVR. The overall cost for comparison is 5.6 per cent APR. The arrangement fee has also been cut, from £395 to £295.
The 80 per cent max LTV mortgage is reduced from 3.45 per cent to 3.24 per cent, a discount of 2.40 per cent off the SVR. The overall cost for comparison is 5.2 per cent APR. And £100 has been cut from the completion fee, which is now £695.
The two mortgages are part of Hinckley & Rugby’s range of mortgages that also includes fee-free, lifetime discounts and lifetime trackers.
Hinckley & Rugby chief executive Chris White said: “By cutting the cost of borrowing we aim to make our mortgages even more attractive. And all our customers receive outstanding service, as it should be.”
For full details see www.hrbs.co.uk or call 0800 434 6343.
