Hinckley & Rugby cuts mortgage rates

Hinckley & Rugby Building Society has cut the interest rates on a range of mortgages – including a 2-year discount to 90% loan-to-value which now stands at 1.95%.

Hinckley & Rugby Building Society has cut the interest rates on a range of mortgages – including a 2-year discount to 90% loan-to-value which now stands at 1.95%.

To 95% LTV its 2-year discount has been cut from 3.59% to 3.39%.

With lifetime discounts the lender’s 90% LTV mortgage has been cut from 2.39% to 2.24% and from 3.79% to 3.49% to 95% LTV.

The society also cut its 75% LTV buy-to-let 2-year discounts to 2.99% with a 1.5% completion fee.

Carolyn Thornley-Yates, Hinckley & Rugby head of intermediary sales, said: “The brokers and customers are showing a real appetite for discount products, and these rate cuts make our discount mortgages very attractive, including at high LTVs.”