Hinckley & Rugby launches exclusive discount mortgage rates

Hinckley & Rugby for Intermediaries has launched a pair of exclusive discount mortgages, designed to support brokers placing remortgage business at lower LTV levels.

The new products include a two-year discount rate of 4.09%, available up to 60% LTV, and 4.34%, available up to 75% LTV.

Both products come with no application fee, an £800 completion fee, and a payable valuation fee. The maximum loan size is £500,000 and the products are available for remortgage cases.

Laura Sneddon, head of sales and distribution at Hinckley & Rugby for Intermediaries, said: “Offering consistency and value as product pricing shifts quickly is even more important in the type of market environment we are currently witnesses, with brokers having to keep pace with frequent changes across the market. 

“Our latest discount products are aimed squarely at standard borrowers coming to the end of low fixed rates, particularly those moving into lower LTV positions who are focused on securing a competitive deal.

“We know many clients are facing a step up in monthly payments, and while we cannot remove that entirely, we can help soften the impact by offering strong value where it matters most. Our focus is on giving brokers confidence they have a reliable option for remortgage cases in a volatile market.”