Hinckley & Rugby for Intermediaries has launched a pair of exclusive discount mortgages to support brokers in remortgaging at lower Loan-to-Value (LTV) levels.
The new products include a two-year discount rate of 4.09%, available up to 60% LTV, and a 4.34%, available up to 75% LTV.
Both products have no application fee, an £800 completion fee and a valuation fee.
The maximum loan size is £500,000 and the products are available for remortgage business.
Hinckley & Rugby head of sales and distribution Laura Sneddon says: “Providing consistency and value as product prices change rapidly is even more important in the type of market environment we are currently witnessing, where brokers must keep pace with frequent changes in the marketplace.”
“Our latest discount products are squarely aimed at standard borrowers coming to the end of the low fixed rate environment, particularly those moving to a lower LTV position and focused on securing a competitive deal.”