Hinckley & Rugby launches new 95% LTV product
Hinckley & Rugby Building Society, which lends throughout England & Wales, has today launched a new two year fixed rate mortgage for home buyers with only a five per cent deposit.
The new mortgage, available up to 95% LTV, charges 4.89% for the first two years. It has an overall cost for comparison of 5.6% APR.
The two year fix has competitive fees – £295 for arrangement and £695 on completion. There is a free valuation on properties valued under £1 million and, like all Hinckley & Rugby mortgages, there are no Early Repayment Charges.
Also today, Hinckley & Rugby has cut the interest rate on its three year fix available at up to 80% LTV, which is down from 2.99% to 2.69%. The overall cost for comparison is 4.9% APR. Fees and other terms are unchanged.
For free independent whole of market mortgage advice contact Integrity IFA NOW ON 01316530588 or visit our website now to use our free mortgage source and calculator www.integrityifa.com