Hinckley & Rugby Building Society – Five-Year Fixed-Rate Mortgage

Type: Fixed-rate mortgage

Fixed term: Until April 30, 2017

Fixed rate: 3.95%

Minimum loan: £25,000

Maximum loan: Up to 80% of valuation subject to a maximum of £240,000

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% a year allowed without penalty in the fixed-rate period, free valuation for properties valued up to £1m, free legal fees for remortgages

Arrangement fee: £195 plus £695 completion fee

Redemption fee: 5% of the amount repaid in year one, 4% in year two, 3% in year three, 2% in year four, 1% in year five plus £150 admin fee

Introducer’s fee: Refer to lender

Contact: www.hrbs.co.uk