After a two-year fix period at 3.14% there is a further three years at 3.99%, a 1.65% discount from the Society’s SVR.
The new mortgage comes without an ERC and is available through intermediaries. The minimum loan is £50,000 and the maximum is £275,000 at 90% LTV. There is a £199 arrangement fee and an £800 completion fee.
Hinckley & Rugby chief executive, Chris White, said:
“This new mortgage completes our range of reversionary mortgages that offer customers the certainty of a fix followed by the value of a discounted rate.”
