Hinckley & Rugby chief executive Chris White said: “We are expecting a lot of interest in these very attractive rates from borrowers and those remortgaging who want the reassurance of a low-priced fix.
“At a fixed interest rate of just 3.39% this is a winning combination for many in the market today, who want to be able to plan their repayments for five years with certainty.”
Both fixes have maximum loan-to-value (LTV) of 75% and a maximum loan of £300,000. There is a free property assessment where the value is £1m or less.
The two-year fix has an arrangement fee of £295 and a completion fee of £695. The overall cost for comparison is 5.2% APR.
The five-year fix has an arrangement fee of £100 and a completion fee of £695. The overall cost for comparison is 4.7% APR. Both have early repayment charges during the fixed-rate periods but overpayments of up to 10% per year may be made without incurring this charge.
