Hinckley & Rugby cuts high LTV fixes
For both mortgages the 2-year fix period is followed by three years at 3.99%, a 1.65% discount from the society’s standard variable rate. After that the mortgages will revert to the SVR.
The products have no early repayment charge, while the £199 arrangement fee and £800 completion fees are unchanged.
Chris White, Hinckley & Rugby chief executive, said: “These are very attractive reduced rates that offer customers the certainty of a fix followed by the value of a discounted rate.”
Hinckley & Rugby have notified brokers that they can contact underwriting decision makers to discuss individual circumstances.