The Hinckley & Rugby Building Society has launched a new five-year fixed rate deal and reduced the rate on a two-year discount mortgage.
The new five-year fixed rate mortgage is priced at 3.39% and is available at up to 80% LTV.
The fees are £295 for arrangement and £1,895 on completion. There is a free valuation and no Early Repayment Charges (ERCs).
In addition, the mutual has signalled rate cut of 0.09 percentage points off the existing two year discount mortgage at up to 80% LTV, which is now charging an initial 2.15%. All other terms are unchanged.
Hinckley & Rugby chief executive Chris White said: “Against a backdrop of growing expectations of base rate increases, our five year fix will appeal to buyers across England and Wales seeking certainty about their repayments into 2019.”
