3.25 per cent two year fix from Hinckley & Rugby

Hinckley & Rugby Building Society has a new two year fixed rate mortgage with an initial interest rate of just 3.25 per cent.

Related topics:  Mortgages
Amy Loddington
18th December 2012
Mortgages
Fixed until March 31 2015, the interest rate then reverts to the Society’s Standard Variable Rate (SVR), currently 5.64 per cent. The overall cost for comparison is 5.2 per cent APR.

The two year fix is available at up to 80 per cent loan-to-value (LTV). There is an arrangement fee of £195 and a completion fee of £695, and no early repayment charge. There are free valuations for property values up to £1 million.

The minimum advance is £50,000 and the maximum is £240,000 at 80 per cent LTV. There is a sliding scale from there to a maximum loan of £1.25 million at up to 60 per cent LTV.

Hinckley & Rugby chief executive Chris White said:

“There is always an appetite in the market for a competitive fix and this mortgage should hit the mark.”
More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.