Mortgages  

Hinckley & Rugby cuts mortgage rates

Hinckley & Rugby cuts mortgage rates

Hinckley & Rugby Building Society has cut interest rates on four of its mortgages, it announced on Friday (8 January).

The firm’s two-year discount mortgage, with a loan-to-value of up to 85 per cent, has had its rate cut from 1.89 per cent to 1.65 per cent.

The rate for its two-year discount mortgage, at up to 90 per cent LTV, has been chopped from 2.19 per cent to 2.09 per cent.

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The two-year fixed rate mortgage, at up to 85 per cent LTV, has been cut from 2.49 per cent to 2.29 per cent.

For the society’s fixed rate mortgage, at up to 90 per cent LTV, the rate has been reduced from 2.59 per cent to 2.35 per cent.

All other terms for the mortgages are unchanged.

All mortgages comes with £150 cashback on completion of residential mortgage applications submitted during January 2016.

Hinckley & Rugby head of intermediary sales Carolyn Thornley-Yates said: “These new mortgages are priced to be ultra-competitive and we hope the £150 cashback offer will make them even more popular.”

katherine.denham@ft.com