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Hinckley & Rugby offers 5-year fix at 3.95%

Hinckley & Rugby Building Society has launched a five-year fixed rate mortgage at 3.95%.

The product is available up to 80% LTV and comes with a £195 arrangement fee and £695 completion fee.

Chris White, chief executive of Hinckley & Rugby, says: “This is a best buy mortgage, particularly attractive to buyers with a 20 per cent deposit who want to fix their repayments into the year 2017.

“This mortgage offers certainty about repayments and at a great rate. We expect it to be very popular.”

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Newcastle re-enters 95% LTV market with fixes for FTBs

Newcastle Building Society has launched into 95% LTV lending for the first time since the start of the financial crisis. The lender is introducing two 95% LTV products, which are available to brokers through Legal & General’s distribution group, Nouveau. It is offering a two-year fix at 5.95% with an £800 completion fee and £195 […]

Unfair contracts may scupper lender moves to switch interest-only clients

The Financial Services Authority has warned lenders that they may not be able to switch interest-only customers to a repayment mortgage if the wording in their contracts is unfair. Last week the regulator issued guidance to lenders after it found a number of switching terms in their contracts may be potentially considered unfair or not […]

Paragon’s sales chief to retire after 23 years at the lender

Andrew Lees, head of sales at Paragon Mortgages, is to retire next month after 23 years at the firm. Lees says his portfolio of clients will be looked after by Moray Hulme, deputy head of sales, following his departure. John Heron, managing director of Paragon, says Lees has spent most of his career at Paragon […]

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Pension freedom: wish you were here?

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