Hinckley & Rugby Building Society returns to 95% LTV lending
Hinckley & Rugby Building Society has returned to the higher loan-to-value (LTV) market with two fixed rate products.
The offerings are a 2-year fixed mortgage at 3.69% and a 5-year fixed product at 3.89%.
Chris Holmes, Customer Proposition Analyst at Hinckley & Rugby Building Society says: “Over the past 12 months, the society has seen a strong growth in house prices, which has put pressure on borrowers with smaller deposits, especially first-time buyers who have had limited high LTV options due to the pandemic.
“As a mutual, we want to support these borrowers by launching two competitive products which will give buyers the ability to purchase their first home and take the next step as homeowners.”