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.
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.
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.
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.
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