New discounted mortgage storms the charts | Product News - Moneyfacts

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New discounted mortgage storms the charts

New discounted mortgage storms the charts

Category: Mortgages
Date: 22/10/2014

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 It is now over 6 months old so the content may be out of date.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 expanded its mortgage offerings with a highly competitive discounted mortgage for term that has moved straight into the Moneyfacts charts.

The basics…

This new discounted mortgage has a very competitive rate of 2.19% for the remaining term of the mortgage. It is available at a loan-to-value (LTV) of 80% with a fee of £999.

The finer details…

This mortgage is available to first-time buyers, second-time buyers and remortgagors with a 20% deposit. All borrowers can benefit from an incentive package of free valuation while remortgagors can also profit from free legal fees.

A great deal of repayment flexibility is available with overpayments, underpayments and payment holidays all accepted. Underpayments and payment holidays are possible for up to six months as long as overpayments have been made and the mortgage is at least six months old.

Why we like it…

This mortgage's competitive rate, low fee and flexible repayment options make this a very attractive deal. The enticing incentive package is also a bonus, ensuring that this mortgage will appeal to borrowers with the right deposit.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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