Hinckley & Rugby for Intermediaries has launched two new Remortgage products, both available at 80% loan value (LTV) and there is no early repayment fee (ERCS).
New additions offered within the core and credit resilience of society as a whole allow borrowers to overpay or switch products without fines.
Remortage – Free ERC – The variability rate of two-year discounted products is 5.65% (1.64% discount on homeowner variable rate). Although the convertible tax rate is 5.99% (1.30% discount on homeowner variable rate), cashable ERC – Free – Credit flex – Two-year discount.
Both products are non-refundable for £999.
Laura Sneddon, head of mortgage sales and distribution at Hinckley & Rugby, said in a comment release: “Flexibility is increasingly important for borrowers in today’s market and we believe these ERC-free Rebortage products provide consultants with valuable options to support their customers.
“For those who have the potential to change their financial situation, provide greater control and peace of mind, the ability to earn overpay or convert products is crucial. By removing the ERC, we are helping borrowers who want to maintain agile mortgage choices without any unnecessary restrictions.”
