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Hinckley and Rugby BS launches offset deal and buy-to-let fix

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  • 18/10/2016
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Hinckley and Rugby BS launches offset deal and buy-to-let fix
Hinckley and Rugby Building Society has added to its range with an offset deal and a fixed rate buy-to-let mortgage.

The offset is a lifetime discount of up to 75% loan-to-value (LTV) and priced at 2.89%. It has an application fee of £250 and a completion fee of £1,250. Valuations are also free on properties worth up to £1m.

The second product is a 2.55% five-year fixed rate buy-to-let available up to 60% LTV. There is an application fee of £250 and the completion fee is £999.

It also has a scaled valuation fee and the early repayment charge (ERC) is reduced from 5% in the first year to 1% in the fifth year.

Head of intermediary sales at Hinckley & Rugby Building Society, Carolyn Thornley-Yates, said: “Landlords can benefit from our manual approach to underwriting which includes the consideration of personal income to support rental income, and joint borrower/sole proprietor arrangements.”

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