Hinckley & Rugby taps into FLS for high LTVs
The range includes a 2-year tracker at 3.39% over the Bank Base Rate and will not go below a floor of 3.89% with an arrangement fee of £295 and a completion fee of £695, with an offset facility.
Hinckley & Rugby chief executive Chris White said: “Buyers will find these mortgage rates even more attractive and the higher LTVs will also have wide appeal.
“We are using Bank of England Funding for Lending Scheme cash to make our mortgages more affordable for more people.”
The 2-year discount mortgage is 2.35% available up to 75% LTV with the same fees and offset facility.
The rate on the society’s lifetime discount mortgage has been cut to 3.59% from 3.79%. It remains available up to 85% and fees are unchanged at £395 for arrangement and £695 for completion.
The rate on the 90% LTV 2-year discount mortgage has been cut to 3.75% from 3.95%. Fees are unchanged at £295 for arrangement and £695 for completion.
The maximum LTV on the Society’s lifetime tracker mortgage has been increased from 75% to 85%. The current interest rate is 3.69% and the arrangement fee is £395 and completion fee £695.