Hinckley and Rugby cuts rates

Nia Williams

January 11, 2013

The two year fixed rate mortgage now has an initial interest rate of 2.99%, a 0.26% cut from its previous 3.25%.

And the two year discount mortgage is now 2.89%, also a 0.26% reduction. The previous rate was 3.15%.

Both are available at up to 80% loan-to-value.

The fees remain unchanged on both mortgages. There is an arrangement fee of £195 and a completion fee of £695 and no early repayment charge. There are free valuations for property values up to £1 million.

Hinckley & Rugby chief executive Chris White said: “These mortgages are now even more tremendous value and we look forward to helping many homebuyers.”

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