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5-star mortgage from Hinckley & Rugby BS

5-star mortgage from Hinckley & Rugby BS

Category: Mortgages
Date: 12/12/2014

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 It is now over 6 months old so the content may be out of date.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 selected rates by up to 0.60%. One of the deals to benefit from a reduction is its two-year discounted variable rate mortgage, which has entered the Moneyfacts charts at the top of its sector.


The basics…

This mortgage now has a discounted variable rate of 3.85% for two years, available at a loan-to-value (LTV) of 95%, earning it a well-deserved place in the Moneyfacts charts. A competitive fee of £999 is payable.


The finer details…

This deal is available to first-time buyers, second-time buyers and remortgagors with a deposit of just 5%. All borrowers can benefit from an incentive package of free valuation, which will help to keep upfront costs down.

Borrowers can also benefit from the option to make overpayments by lump sum or regular payment, granting some welcome repayment flexibility.


Why we like it…

Thanks to the rate decrease, this deal has gone straight to the top of its sector for its competitive terms. The rate is an appealing one, and when combined with the incentive package of free valuation, this deal is likely to appeal to first-time buyers as well as those with a small deposit. The option to make overpayments further sweetens the deal and ensures that this mortgage merits its place in the charts.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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