The new 95% LTV mortgage is a five-year fix at 4.79%. It has a £199 booking fee and an £800 completion fee which can be added to the loan, subject to loan size and the maximum LTV. There are free valuations up to £1 million.
The mortgage does have ERCs, stepping from 5% in year one to 1% in year five. Overpayments of up to 10% per year are allowed without incurring ERCs.
Rate cuts include a two-year fix at up to 95% LTV now at 3.95% (was 4.29%) and a five-year fix at 3.54% up to 90% LTV (was 3.79%).
For the two-year discount Buy to Let mortgage at up to 75% LTV, the Society has switched the completion fee from £999 to 2.5% of the advance.
Hinckley & Rugby chief executive Chris White said:
“Available direct and through brokers, the new five-year fix is designed to be attractive to first time buyers as well as the wider market.”
