Hinckley & Rugby’s latest 90 per cent and 95 per cent LTV deals are both available with offset savings accounts which can be operated online.
The new 95 per cent LTV mortgage has a lifetime discount of 1.85 per cent off the society’s SVR.
The initial charging rate is 3.79 per cent.
The 90 per cent LTV mortgage has a lifetime discount of 2.85 per cent off the Society’s SVR.
The initial charging rate is 2.79 per cent.
This product is available for new build houses and flats.
Both mortgages have a £199 arrangement fee and an £800 completion fee. There are free valuations up to £1m and no ERCs.
Hinckley & Rugby chief executive Chris White said: “We’ve long had a lifetime discount at a lower LTV so this is a natural extension to appeal to first-time buyers and others with a smaller deposit.
“The optional offset facility gives borrowers the flexibility to reduce the interest charged and ultimately the length of the loan, which can be a real plus for people who have savings balances either now or in the future.”
emma.hughes@ft.com
