Hinckley & Rugby cuts rates on BTL deals
Hinckley & Rugby Building Society has cut the interest rates on seven mortgages, including two buy to let products.
All four of the Society’s two-year fixes have had their rates reduced, as has a five-year fix and two buy to let products.
The cuts of up to 0.5% are aimed at making the mortgages even more attractive to residential buyers and BTL investors.
The two BTL mortgages are both two year discounts (all other terms remain unchanged). At 75% LTV, the charging rate has been cut from 3.35% to 3.19%, and at 60% LTV the rate has been cut from 3.24% to 2.99%.
The two-year fixes and the BTLs have no ERCs.
Hinckley & Rugby chief executive Chris White said:
“Our two-year fix range is now ultra competitive and should interest remortgagers, buyers and their brokers. Investors will like our buy to let move, which at up to 60% LTV takes the rate under three per cent.”
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