Hinckley & Rugby re-launch5-year fix at 3.99pc

Robyn Hall

October 11, 2012

The product, which has come down from 4.15%, has an arrangement fee of £195, completion fee of £695 and a free valuation for properties valued at £1m or less.

The rate reverts, after five years, to the standard variable rate which is currently 5.64% and has an early repayment charge during the fixed-rate period starting at 5% in year one and decreasing to 1% in year five.

Hinckley & Rugby chief executive Chris White said: “This 5-year fix offers a sub-four per cent interest rate until 2018, giving borrowers long-term certainty about their repayments. We hope it will be popular with borrowers looking for a long-term fix.”

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