Hinckley & Rugby offers 90% LTV three-year fix

Hinckley & Rugby offers 90% LTV three-year fix

Simplybiz Mortgages has launched a 90 per cent loan-to-value three-year fixed rate exclusive through Hinckley & Rugby.

The product is available for both purchase and re-mortgage and features a 2.69 per cent rate fixed.

It comes with a £199 arrangement fee, £800 completion fee and free valuation for re-mortgages worth up to £1m.

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Martin Reynolds, Simplybiz Mortgages’ chief executive, said Hinkley & Rugby offers an unusual range of different criteria to the market.

He said: “As a new ‘privileged partner’ with this provider, we are pleased to have seen much greater engagement with our members who are taking advantage of these extra benefits.”

The building society’s head of intermediaries Carolyn Thornley-Yates added: “Our competitive three-year fixed rate offers advisers greater choice when dealing with clients and we are pleased to offer this exclusively with Simplybiz.”

Bob Riach, principal at Riach Financial Advisers, said he used the building society via the Sesame network at the end of March.

Mr Riach said: “They offered a good fixed rate deal, however I have found that they ask more questions than many other lenders and the processing is slow.

“I haven’t got the mortgage offer yet, however there has been a delay with the valuation.”