Hinckley & Rugby Building Society has returned to the higher LTV market with two new fixed rate products.
Launching today are a 2 year fixed mortgage at 3.69% and a 5 year fixed product at 3.89%, both with a maximum LTV of 95%, designed to help first time buyers onto the property ladder.
Chris Holmes, Customer Proposition Analyst at Hinckley & Rugby Building Society says:
“Over the past 12 months, the Society has seen a strong growth in house prices, which has put pressure on borrowers with smaller deposits, especially first time buyers who have had limited high LTV options due to the pandemic.
“As a mutual, we want to support these borrowers by launching two competitive products which will give buyers the ability to purchase their first home and take the next step as homeowners.”
To learn more about the product criteria, get in touch with the Society by filling out a contact form or using the live chat feature on its website.