Available through intermediaries and direct, the lender has reintroduced its lifetime discount at 3.79%, which is a discount of 1.85% from the SVR – for up to 85% LTV. The overall cost for comparison is 4.0% APR.
The second loan is offered up to 75% LTV and charges 3.29% (AER), a 2.35% discount from SVR, with an overall cost for comparison of 3.4% APR.
Both mortgages are available with an offset option and require arrangement fees of £195 at 75% LTV and £395 at 85% LTV. Both mortgages have a completion fee of £695.
Hinckley & Rugby chief executive Chris White said: “Lifetime discount mortgages are enduringly popular and the return of these 75 per cent and 85 per cent LTV mortgages will particularly appeal to buyers with those levels of deposit.”
