2-yr discounted mortgage gets 5 stars | Product News - Moneyfacts

Product News

2-yr discounted mortgage gets 5 stars

2-yr discounted mortgage gets 5 stars

Category: Mortgages
Date: 15/01/2015

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 It is now over 6 months old so the content may be out of date.

Hinckley & Rugby Building Society has reduced the rate of its two-year discounted mortgage by 0.36%, edging it further above its rivals and earning a five-star review.

The basics…

This deal now has a competitive variable rate of 3.49% (2.14% disc) at a loan-to-value (LTV) of 95%. A fee of £999 is payable.

The finer details…

This mortgage is available to first-time buyers, homemovers and remortgagors with a modest deposit of just 5%. All borrowers can benefit from an incentive package of free valuation.

There is also an option to make overpayments, which offers borrowers some welcome repayment flexibility.

Why we like it…

The recent rate reduction on this mortgage has increased its competitiveness, which is sure to be noticed by borrowers with a modest deposit. The deal is sweetened by the incentive package and the ability to make overpayments, which help to make this deal a good all-rounder.

The highest accolade of five Moneyfacts Stars has been awarded.

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close