Hinckley & Rugby cuts rates on discount mortgages

Hinckley & Rugby Building Society has announced today that it has cut the interest rates on five discount mortgages - including a 90% LTV now available at 1.95%.

Related topics:  Finance
Warren Lewis
3rd February 2016
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Another two-year discount, at up to 95% LTV, has been cut from 3.59% to 3.39%.

The Society's lifetime discount range has been cut from 2.39% to 2.24% at 90% LTV and from 3.79% to 3.49% at 95% LTV.

The fifth rate cut is to the Buy-to-Let two-year discount at up to 75% LTV, which has fallen from 3.09% to 2.99%. The completion fee has also been reduced to 1.5% of the loan amount.

Hinckley & Rugby head of intermediary sales, Carolyn Thornley-Yates, said: “The brokers and customers are showing a real appetite for discount products, and these rate cuts make our discount mortgages very attractive, including at high LTVs.”

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