Hinckley & Rugby Building Society has launched a new five-year fixed mortgage at just 3.95 per cent. The mortgage is available up to 80 per cent max LTV (loan-to-value).
The five-year fix marks the return of the top 20 Building Society to the fixed-price mortgage market. The overall cost for comparison is 4.9 per cent APR and the new mortgage has an arrangement fee of £195 and a completion fee of £695.
Hinckley & Rugby chief executive Chris White said: “This is a best buy mortgage, particularly attractive to buyers with a 20 per cent deposit who want to fix their repayments into the year 2017.
“This mortgage offers certainty about repayments and at a great rate. We expect it to be very popular.”