Hinckley & Rugby Building Society is introducing a new interest only mortgage on Friday 14th December 2012.
The two year discount mortgage has an initial rate of 4.99 per cent and is available up to 50 per cent loan-to-value.
The mortgage is a 0.65 per cent discount off the Society’s Standard Variable Rate, currently 5.64 per cent. The overall cost for comparison is 5.7 per cent APR.
There is an arrangement fee of £395 and a completion fee of £695 and the latter can be added to the loan. There are free valuations for property values up to £1 million. The minimum advance is £50,000 and the maximum is £1.25 million.
For more information on a mortgage contact Integrity IFA now on 01316530588