All four of the society’s two-year fixes have had their rates reduced, as has a five-year fix and two buy to let products.
The cuts of up to 0.5 percentage points are aimed at making the mortgages even more attractive to residential buyers and BTL investors.
The rate cuts to the two-year fixes are:
- 95% LTV – charging rate cut from 4.89% to 4.75%
- 90% LTV – charging rate cut from 3.79% to 3.29%
- 85% LTV – charging rate cut from 2.85% to 2.65%
- 80% LTV – charging rate cut from 2.34% to 2.19%.
For purchases there is now a scaled valuation fee on the two-year fixes, beginning at £245.
Valuations are still free of charge for remortgages up to £1 million in value.
The five year fix at up to 90% LTV has seen its rate cut from 4.49% to 4.29%. All other terms remain the same.
The two BTL mortgages are both two year discounts (all other terms remain unchanged):
- 75% LTV – charging rate cut from 3.35% to 3.19%
- 60% LTV – charging rate cut from 3.24% to 2.99%.
The two-year fixes and the BTLs have no ERCs.
Hinckley & Rugby chief executive Chris White said:
“Our two-year fix range is now ultra competitive and should interest remortgagers, buyers and their brokers. Investors will like our Buy to Let move, which at up to 60% LTV takes the rate under 3%.”
