At 90% loan to value Hinckley will cut its 2-year discount mortgage to 4.24% with an arrangement fee of £295 and a completion fee of £695.
Hinckley & Rugby chief executive Chris White said: “Hinckley & Rugby has enjoyed a very successful 2012 and ends the year with a healthy pipeline of mortgage business. We wish to continue that success story into 2013 and have reduced the rates on some of our most popular mortgage products to ensure they remain competitive. All our mortgages are backed by our famous personal customer service.”
The same 2-year discount mortgage at 80% LTV is going down to 3.15% with an arrangement fee of £195 and a completion fee of £695.
The third mortgage to see a rate cut is the 5-year fix up to 80% LTV priced at 3.79% with an arrangement fee of £195 and a completion fee of £695.
The final rate cut is on the society’s buy-to-let mortgage up to 75% LTV to 3.99% with an arrangement fee of £250 and a completion fee of £1,250.