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Hinckley & Rugby cuts 90% LTV discount deals by 0.4%

Hinckley & Rugby Building Society has cut interest rates on two of its 90 per cent LTV discount mortgages by 0.4 per cent.

Its lifetime discount mortgage is being reduced from 4.64 per cent to 4.24 per cent, while its two-year discount deal is being reduced from 4.59 per cent to 4.19 per cent.

Both products come with a £395 arrangement fee and £695 completion fee. The valuation is free for properties under £1m.

H&R chief executive Chris White says: “These interest rate cuts make our discount mortgages even more competitive. We hope first-time buyers will find them to be especially attractive and enable them to own their own home.”

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