Hinckley & Rugby Building Society has reduced the rate on its five-year fixed mortgage by 0.20%, catapulting it straight into the charts and earning it the top accolade as a result.
This deal now has a fixed rate of 2.59% for five years, the lowest rate currently available for its terms. It is offered at a loan-to-value (LTV) of 85% and has a fee of £999.
All borrowers with a deposit of 15% are welcome to apply for this deal, which is also accompanied by an enticing incentive package of free valuation for all applicants and free legal fees for those who are looking to remortgage. Borrowers will also get the opportunity to make regular or lump sum overpayments, which gives them some additional repayment flexibility.
This rate decrease has really given this deal a boost: it now sits comfortably in the charts and boasts the lowest rate in its sector, features that are sure to reel in eager borrowers. This is an outstanding product that fully deserves the highest Moneyfacts rating.
Moneyfacts rating: Outstanding
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