The mortgage is available at up to 85 per cent LTV. There is a £295 application fee and £695 completion fee. The valuation is free and the Society pays any higher lending fee. There are no early repayment charges. The overall cost for comparison is 5.2 per cent APR.
Hinckley & Rugby business development manager Carolyn Thornley-Yates, who leads the Society’s dedicated introducer team, said:
“This is a keenly priced mortgage at up to 85 per cent LTV which we expect to be very popular with the advisers and their customers.”
Sally Laker, managing director of Mortgage Intelligence Holdings, said:
“We are delighted to team up with Hinckley & Rugby with this very attractive exclusive product for our members. No early repayment charges at 85% LTV makes this discounted rate a strong product to consider.”
