The mortgage deal has a discount of 1.65% off the lender’s standard variable rate with no arrangement or completion fee and an early repayment charge of 1% for the first three years.
Chris White, Hinckley & Rugby chief executive, said: “With no fees to pay and a competitive interest rate we expect this mortgage to be very popular.”
The mortgage is part of Hinckley & Rugby’s range that also includes fixed rates and trackers
