Hinckley & Rugby BS has launched a new two year discount mortgage that should have buyers with a 10% deposit licking their lips.
The New Discounted Variable Rate Mortgage offers a discounted rate of 4.59% (1.05% discount) for two years, a maximum loan-to-value of 90% with a fee of £1,090.
Free valuation or free legal fees for those remortgaging add to the appeal.
As the only discounted two year mortgage in the 90% sector, the product holds a somewhat distinguished position and compares favourably against similar products.
Four out of five Moneyfacts stars have been awarded.
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