Discounted mortgages re-introduced by Hinckley & Rugby.
Two new discounted mortgages have been introduced into the Hinckley & Rugby Building Society mortgage range.
The lender is now offering two lifetime discounted mortgages for 75 and 85 per cent loan to value. For 85 per cent loan to value, a lifetime rate of 3.79 per cent is offered which is a 1.85 per cent discount on the lender's standard variable rate.
A second mortgage is also available for 75 per cent loan to value which is offered at a rate of 3.29 per cent which is a discount of 2.35 per cent on the lender's standard variable rate.
Both discounted mortgages are also available as an offset option and come with a £195 arrangement fee for 75 per cent loan to value and £395 for 85 per cent loan to value, both deals are subject to a £695 completion fee.
Chris White who is Hinckley & Rugby's chief executive commented on the deal advising that lifetime discount mortgages are a popular product. He added that the lender believes that the return of 75 and and 85 per cent loan to value discounted mortgages will be of particular interest to buyers with high deposit levels.
For further details of these and other UK lenders mortgage deals and a comparison of rates offered contact Deal Direct today.
