The four rate cuts are:
- A two year discount at up to 95% LTV, with no ERC, has seen its rate reduced to 3.59% from 3.69%. The discount off the SVR is increased to 2.05%
- A five year fix at up to 80% LTV is cut to 2.99% (was 3.24%)
- A five year fix at up to 85% LTV is now charging 3.09% (was 3.35%)
- A five year fix at up to 90% LTV is cut to 3.79% (was 3.89%)
The Society has also launched a new Buy to Let two year discount mortgage at up to 75% LTV which has a current interest rate of 2.89%. The arrangement fee is £250 and the completion fee is £999. This product has no ERC.
Carolyn Thornley-Yates, Hinckley & Rugby’s head of intermediary sales, said:
“With our personal service and manual underwriting, we are confident these competitively priced mortgages will be popular with intermediaries and their customers.”
