Hinckley & Rugby for Intermediaries has launched a two-year discounted remortgage product at 4.81%.
The product, which is offered as much as 80% loan-to-value (LTV), features a £250 authorized contribution, no reserving charge, and £999 association charge.
It is offered for remortgage circumstances solely, with normal early reimbursement costs of two% in yr one and 1% in yr two.
Originally priced at 5.06%, the speed was diminished to 4.81% following a lower to the Society’s normal variable charge (SVR), which took impact on 1 July.
Hinckley & Rugby for Intermediaries head of mortgage gross sales and distribution Laura Sneddon says: “This new discounted remortgage product is designed to present brokers a easy, good-value choice for shoppers trying to change offers.”
“With no reserving charge, a £250 authorized contribution and a powerful charge, it helps cut back upfront prices and makes the method that bit simpler.”
The launch of the discounted remortgage product follows the completion of what it stated to be the UK’s first totally digital property buy introduced final month, utilizing PEXA’s platform, with Hinckley & Rugby because the lender.
