The three-year discount rate mortgage offers an initial pay rate of 2.95 per cent and no up-front arrangement or booking fees. It also includes free legal fees for qualifying remortgages.
It is available for loans up to 80 per cent loan to value (LTV) and there are no completion fees or early repayment charges.
John Cupis, managing director, mortgages at Sesame Bankhall Group, commented:
With Hinckley and Rugby Building Society’s proven track record as a high-quality mortgage provider, together with the attractive features offered on this product, I am sure it will be popular with our members and their customers.
Carolyn Thornley-Yates, business development manager at Hinckley & Rugby, said:
We are pleased to be offering this very attractive mortgage to customers via our long-standing partners. A completely fee-free mortgage below 3 per cent should be of great interest to the market and good business for introducers.