Hinckley & Rugby Building Society has launched two new high-LTV mortgage products.
The offer includes a 95 per cent LTV five-year fix at 3.49 per cent, which includes a tapered ERC set at 5 per cent in the first year, declining year-on-year to 1 per cent in the last year of the mortgage.
The lender is also offering a 95 per cent LTV two-year fix at 3.20 per cent, with the ERC set at 2 per cent. Afterwards, this offer will move onto the firm’s SVR minus 1.65 per cent for an additional three years.
Both products feature free valuations on properties worth up to £1m and £1,000 cashback for homebuyers.
Hinckley & Rugby Building Society head of sales and marketing Carolyn Thornley-Yates comments: “Applicants, and their broker if they are using one, will also benefit from our traditional levels of one-to-one service and our manual underwriting which considers the circumstances of each applicant without credit scoring.”