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Awesome offset deal launched by Hinckley & Rugby

Awesome offset deal launched by Hinckley & Rugby

Category: Mortgages

Updated: 12/10/2012
First Published: 12/10/2012

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 It is now over 6 months old so the content may be out of date.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 launched an attractive discounted variable mortgage, offering borrowers the opportunity to offset their mortgage against their savings pot.

The basics…

This deal offers a rate of 3.49% for term (2.15% discount and collared at 3.49%) and has a maximum loan-to-value of 75%.

The finer details….

Purchase and remortgage customers can borrow between £50,000 and £300,000.

This deal has no arrangement fee. Free valuation fees for properties valued up to £1 million and free legal fees are offered to those remortgaging.

Borrowers can also take advantage of the flexibility to make overpayments, underpayments and take payment holidays if they wish.

Why we like it…

This discounted mortgage offers a highly competitive rate combined with flexible features and an offset facility. As a result this deal has been awarded five out of five Moneyfacts stars.

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 Any products featured may be withdrawn by their provider or changed at any time.