Hinckley & Rugby BS reduces discount rate - Mortgages - News - Moneyfacts

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Hinckley & Rugby BS reduces discount rate

Hinckley & Rugby BS reduces discount rate

Category: Mortgages

Updated: 01/03/2013
First Published: 01/03/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

A rate reduction of 0.29% to its already competitive two-year discounted mortgage sees Hinckley & Rugby Building Society retain its position at the top of the market.

The basics…

This deal offers a discounted variable rate of 3.95% for two years and has a maximum loan-to-value of 90%.

The finer details….

Purchase and remortgage customers can borrow a minimum of £50,000.

A fee of £900 is payable, of which £295 must be paid upfront. Incentives of free valuation fees are offered to all borrowers, whilst free legal fees are offered to those remortgaging.

There is also the flexibility to make overpayments.

Why we like it….

This mortgage offers an improved rate to borrowers looking for a competitive discounted variable deal. Five out of five Moneyfacts Stars have been awarded.

What next?

Compare discounted rate mortgages
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Mortgage repayment calculator

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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