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Hinckley & Rugby relaunches fee-free loan

Hinckley & Rugby Building Society has reintroduced a fee-free discount mortgage with a rate of 3.49%.

Nia Williams, 18 November, 2011

The Fee Free Discount has a 2.15% discount off the standard variable rate (APR 3.5%) and is available for up to 75% loan-to-value. The valuation is free on properties worth less than £1 million.

Hinckley & Rugby chief executive Chris White said: "We are bringing back this popular mortgage in response to buyers who want a great rate without having to pay the hefty fees some lenders are charging.

"Buyers are increasingly looking for deals which tick all the boxes for them, and Hinckley & Rugby's Fee Free Discount should be of wide appeal."

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