Hinckley & Rugby launch new fee-free products

Hinckley & Rugby launch new fee-free products

Hinckley & Rugby Building Society has announced that it has launched two new fee-free high LTV mortgages.

The innovative fix then discount products are completely fee-free and are available at up to 95 and 90 per cent LTV. The rate is fixed for the first two years and then reverts to a discount for the next three years.

The 95% LTV mortgage charges a fixed 3.39% and then 3.99%, a 1.65 discount off the Society’s SVR.

The 90% LTV mortgage is fixed at 2.29% before also reverting to 3.99%.


With both mortgages there are no ERCs and valuations are free up to a value of £1 million. Both are available via the Society’s Privileged Partners and direct.

Carolyn Thornley-Yates, Hinckley & Rugby head of intermediary sales said: “Our fixed then discount five year products have found great appeal in the market and these fee-free versions are an outstanding innovation.

We now have more options for borrowers with smaller deposits, as these new mortgages complement our existing range of products with fees payable but a lower charging rate.”

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Latest Comments

Oliver Conway
Oliver Conway 18 May 2017

Making a neat inventory is a good idea, but if the seller is not willing to provide it, can the buyer demand it?

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Bertrand
Bertrand 17 May 2017

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Izzy
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Jeremy Corbyn's pledge that a Labour government would build 500,000 new council houses must electrify the general election campaign. Reliance on markets and the profit motive has brought huge housing-related...

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CommercialTrust
CommercialTrust 28 Apr 2017

Sadiq Khan?s announcement of an online database of landlords and letting agents who have been convicted of housing offences, appears on face value to be a variation of the already implemented Database

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warren
warren 26 Apr 2017

You're very welcome Mary! Glad you enjoyed them :)

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Mary Ward
Mary Ward 26 Apr 2017

Thank you for the wonderful ideas. First impressions can make or break a deal. It's sadly that many homeowners drop the kerb to create an off-street parking space.

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Tony Gimple
Tony Gimple 14 Apr 2017

I'm not at all surprised that so many landlords are still confused about what the tax changes really mean and how it will affect them. In particular, the blind rush to incorporation is leaving landlords...

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MH
MH 13 Apr 2017

You are right that the bank holidays are going to be spoiled in looking for the properties. But people who want to sell their property and looking for the better relocation, they can get benefits of this...

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bnellyb
bnellyb 08 Apr 2017

There will be an exodus of private landlords over the next 5 years as tax changes take effect, private landlords provide an important service to the rental market, why do housing associations and councils...

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Fred Cassman
Fred Cassman 07 Apr 2017

"Make it look like you are at home": often people forget this and share on facebook their location!

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jared townsend
jared townsend 05 Apr 2017

It'll be interesting to see how & if the Government's asset sale regarding mortgages helps

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