The new products are a 2-year fixed rate at 3.39% and a 5-year fixed rate at 3.79%, which are both available up to 95% LTV.
Hinckley & Rugby Building Society has returned to the 95% loan-to-value (LTV) Joint Borrower Sole Proprietor (JBSP) market, with the launch of a pair of fixed rate mortgages.
The new products are a 2-year fixed rate at 3.39% and a 5-year fixed rate at 3.79%, which are both available up to 95% LTV.
Chris Holmes, products & proposition manager at Hinckley & Rugby Building Society, said: “We have seen strong demand for higher LTV mortgages in recent months and, at the same time, house prices continue to rise which is impacting borrower affordability.
"Our JBSP products are designed to help borrowers get into the property market with help from a family member, and we think that launching them at 95% LTV will make it easier for borrowers to get onto, or take that next step up, the property ladder.”
