Hinckley & Rugby Building Society has launched a new two-year discount mortgage at just 3.59 per cent. The mortgage is available up to 85 per cent max LTV (loan-to-value).
The top 20 Building Society’s new discount takes 2.05 per cent off the Standard Variable rate for two years. The overall cost for comparison is 5.3 per cent APR.
The new mortgage sits neatly in the Society’s range of two-year discounts, which run from 75 per cent to 90 per cent LTV. The new mortgage has an arrangement fee of £195 and a completion fee of £795.
Hinckley & Rugby chief executive Chris White said:
“For buyers looking for a competitive two-year discount which is available with just a 15 per cent deposit, this mortgage is right on target.”
Hinckley & Rugby Building Society has also cut interest rates on three lifetime discount mortgages.
To find out more and for full details click here or telephone: 0800 434 6343
Alternatively pop into the local branch of Hinckley and Rugby Building Society 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.
