Hinckley and Rugby Building Society offset mortgage with a rate of 2.19% and Free valuation.
The Hinckley and Rugby Building Society best buy offset mortgage offers a lifetime discount off their standard variable rate which gives you maximum benefit over the duration of the loan. With this Offset mortgage there is a linked deposit account which converts the saving the very next day from when it is deposited.
[ezcol_1fifth]Initial Rate: 2.19%[/ezcol_1fifth] [ezcol_1fifth]Subsequent:2.19%[/ezcol_1fifth] [ezcol_3fifth_end]The overall cost for comparison is 2.3%[/ezcol_3fifth_end]
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[/ezcol_2fifth] [ezcol_3fifth_end]APR The actual rate available will depend upon your circumstances. Ask for a personalised illustration.[/ezcol_3fifth_end]
- Features: Offset mortgage – A variable rate, currently 5.64%, with a discount of 3.45%, giving a current rate payable of 2.19%. Full Offset facilities including overpayments and underpaying. Free valuation.
- Minimum deposit / equity: 35%
- Valuation fee: Free valuation.
- Other main lender fees: Arrangement fee £199. Booking fee £800.
- Early repayment charges: Nil.
MY PRODUCT COMMENTS: This mortgage is aimed at customers who have a surplus in their bank account at any given time. Effective management can result in a very cost effective mortgage. When considering an Offset mortgage you should primarily choose one, such as this, which applies their interest calculation on a daily basis to receive maximum benefit from your overpayment.
MY LENDER COMMENTS: The Hinckley and Rugby Building Society is a carbon copy of most building societies in terms of lending policy: preferring to concentrate on product differential rather than flexibility in lending policy.
For more information on our range Offset mortgage products please complete the enquiry form on this page or call us on 020 7993 2044.
Important Information
Rates current as at 10/11/14. The overall cost for comparison is based on a property value of £250,000 over a 25 year term. Repayment for Residential and Interest only for Buy-to-let. The product is based on a property in England (but may also be available in other countries). Eligibility will depend on your own personal circumstances.
The purpose of this web is for information only and is based on a fictitious illustrative scenario. It does not constitute a Mortgage Offer in any way.
It is essential that you seek independent mortgage advice as a suitable product will be based on your own individual circumstances. An interest rate should not be read in isolation, and you should refer to your personal key facts illustration and Mortgage Offers for full terms and conditions. If anything is unclear it should be discussed fully with both your mortgage and legal advisors before entering into a mortgage contract with the lender.
For full details about the information on this page please read our product research and disclaimer wording.
Your Home is at Risk if you do not keep up with your mortgage repayments.
