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2 Year Discount Mortgage

2 Year Discount Mortgages from Hinckley and Rugby Building Society

SPECIAL MORTGAGE SCHEME

With effect from 23 April 2021

Available throughout England and Wales

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

   
Maximum loan to value available:4.90% off the Society's Standard Variable Rate for 2 yearsReverts to 1.65% discount off SVR for the next 3 yearsThen reverting for the rest of the term of the mortgage to Standard Variable Rate (SVR)The overall cost for comparison is:
60%0.99% variable4.24% variable5.89% variable4.5% APRC
Enquire about this 0.99% variable rateMore information about this 0.99% variable rate - 2 Year Discount MortgageMaximum loan:For details of the maximum loan available for your required loan to value please call our Mortgage Department on 01455 894082.

Maximum loan to value available:3.90% off the Society's Standard Variable Rate for 2 yearsReverts to 1.65% discount off SVR for the next 3 yearsThen reverting for the rest of the term of the mortgage to Standard Variable Rate (SVR)The overall cost for comparison is:
80%1.99% variable4.24% variable5.89% variable4.7% APRC
Enquire about this 1.99% variable rateMore information about this 1.99% variable rate - 2 Year Discount MortgageMaximum loan:For details of the maximum loan available for your required loan to value please call our Mortgage Department on 01455 894082.

Maximum loan to value available:3.74% off the Society's Standard Variable Rate for 2 yearsReverts to 1.65% discount off SVR for the next 3 yearsThen reverting for the rest of the term of the mortgage to Standard Variable Rate (SVR)The overall cost for comparison is:
85%2.15% variable4.24% variable5.89% variable4.8% APRC
Enquire about this 2.15% variable rateMore information about this 2.15% variable rate - 2 Year Discount MortgageMaximum loan:For details of the maximum loan available for your required loan to value please call our Mortgage Department on 01455 894082.

Maximum loan to value available:3.20% off the Society's Standard Variable Rate for 2 yearsReverts to 1.65% discount off SVR for the next 3 yearsThen reverting for the rest of the term of the mortgage to Standard Variable Rate (SVR)The overall cost for comparison is:
90%2.69% variable4.24% variable5.89% variable4.9% APRC
Enquire about this 2.69% variable rateMore information about this 2.69% variable rate - 2 Year Discount MortgageMaximum loan:For details of the maximum loan available for your required loan to value please call our Mortgage Department on 01455 894082.


Representative example

A mortgage of £187,692.00 (a loan of £186,892.00 plus a completion fee of £800.00 added to the loan) payable over 16 years initially on a discounted variable rate for two years of 2.08%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89%for the remaining 11 years would require 24 monthly payments of £1,150.07, followed by 36 monthly payments of £1,323.74 and 132 monthly payments of£1,437.91.

The total amount payable would be £265,692.00 made up of the loan amount plus interest (£77,368.34), an arrangement fee (£199.00), a legal fee (£250.00), a mortgage exit administration fee (£150.00).

The overall cost for comparison is 5.0% APRC representative.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Mortgage type

This product belongs to the following type of mortgages:
Discount Mortgages