High loan to value mortgage launched by Hinkley & Rugby.
Two brand new high loan to value mortgage products have been introduced to the market by Hinkley & Rugby.
Both mortgages are offered at a discounted rate from the lender’s SVR. However, for the first 2 years, the mortgages are offered with a low fixed rate and, thereafter, they switch to the discounted rate for the next 3 years.
In addition, no early repayment charges are applicable and, if your property is £1million, or less, a free valuation is included.
The details are:
- 3.39% fixed for 2 years for up to 95% LTV and then 3.99% for 3 years thereafter
- 2.29% fixed for 2 years for up to 90% LTV and then 3.99% for 3 years thereafter
As inflation is increasing faster than expected and house prices are on the rise again, lenders are well aware that many would-be home owners find it a huge challenge to save a sufficient deposit. The demand is there for high loan to value products and lenders are responding by launching new products to fulfil the need.
As an independent mortgage broker, Deal Direct are very experienced when it comes to sourcing flexible loan products for our clients, regardless of deposit size.
As we are not tied to offering a limited range of mortgage solutions from one lender, our advisers have the freedom to search the whole of the market for a home financing product that suits your requirements.
When it comes to sourcing the best low-rate, high LTV mortgage, consult the experts – Deal Direct.
Call 0800 048 8828 now to begin your search.
