Hinckley & Rugby Building Society has launched a new lifetime tracker mortgage at 3.69 per cent. The mortgage is available up to 75 per cent max LTV (loan-to-value).
There is no early repayment charge with this tracker from the top 20 Building Society and no valuation fee providing the price or value of the property is less than £1 million.
The overall cost for comparison is 3.8 per cent APR and the new mortgage has an arrangement fee of £395 and a completion fee of £695.
The mortgage will track the Bank of England base rate, with a floor rate of 3.69 per cent. The maximum loan available is £300,000.
Hinckley & Rugby chief executive Chris White said:
“With base rate unchanged for more than three years now and no sign of movement, this tracker offers an attractive rate with no early repayment charge if circumstances change.”
For full details see www.hrbs.co.uk or call 0800 434 6343.
Rugby's local branch of Hinckley and Rugby Building Society is in Rugby Town Centre at 34 North Street, Rugby, Warwickshire CV21 2AJ
A top 20 society, Hinckley & Rugby Building Society has total assets of nearly £600 million and over 70,000 savers. In addition, it has over 10,000 borrowers who are also benefiting from the Society's success. The Society is committed to providing an extensive range of competitive savings accounts and mortgage schemes and to providing the highest standards of customer service.
