After the two year fix period ends there is a further three years at a 1.65% discount from the Society’s SVR before they revert to the SVR. The new mortgages replace the Society’s existing fixes, which revert to the SVR after the two years.
The new mortgages’ two year fix rates include:
- 2.19% for up to 80% LTV
- 2.65% for up to 85% LTV
- 4.59% for up to 95% LTV
All three mortgages have a £199 arrangement fee, an £800 completion fee, and no ERC.
Hinckley & Rugby chief executive Chris White said:
“These reversionary mortgages offer customers the certainty of a fix followed by the value of a discounted rate.”
