Hinckley & Rugby bring back popular range

Sam Cordon

May 3, 2013

The mortgages were withdrawn earlier this year due to exceptionally high levels of demand.

The society has also confirmed that it will be withdrawing its 4.99% 2-year discount which was available for up to 50% LTV. Hinckley & Rugby have withdrawn the product with immediate effect citing a “lack of demand”.

Chris White, Hinckley & Rugby chief executive, said: “We’ve reintroduced two very popular mortgages and expect them to have wide appeal to buyers and introducers who are in the market for keenly priced products delivered with outstanding service.”

The 5-year fixed rate has an initial interest rate of 3.35%, fixed until June 2018 and is available at up to 80% loan to value.

The fee-free lifetime discount mortgage is available for up to 75% LTV and has an interest rate for the term of the mortgage of 3.49%, a 2.15% discount off the society’s standard variable rate.

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