Hinckley and Rugby Building Society 95% Mortgage is the perfect solution for first time buyers
Get on the housing ladder and away from the expensive rental market with this excellent Hinckley and Rugby Building Society 95% Mortgage. That’s right all you need is a 5% deposit and Hinckley and Rugby Building Society will lend the rest. What’s more the product comes complete with a ‘free’ basic valuation so that’s one less cost to worry about. Plus there are also no main early repayment charges.
Initial Rate: 4.45% Subsequent:5.64% The overall cost for comparison is 5.6%
- Features: Inccludes a 1.19% discount off the lender’s standard variable rate for 2 years.
- Minimum deposit / equity: 5%
- Valuation fee: FREE
- Other main lender fees: £199 arrangement fee. £800 booking fee.
- Early repayment charges: No main charges
MY COMMENTS: This product provides the perfect stepping stone either to move on up to another property or remortgage when your property has risen in value: as there are no main early repayment charges.
For more information on The Hinckley and Rugby Building Society 95% Mortgage please complete the enquiry form on this page or call us on 020 7993 2044.
Rates current as at 22/9/14 . 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. Eligibility will depend on your own personal circumstances.
Your Home is at Risk if you do not keep up with your mortgage repayments.
Author: Payam Azadi
Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines.