There is no early repayment charge and no valuation fee providing the price or value of the property is less than £1m. The overall cost for comparison is 3.8% APR and the new mortgage has an arrangement fee of £395 and a completion fee of £695.
The mortgage will track the Bank of England base rate with a floor rate of 3.69% and the maximum loan available is £300,000.
Hinckley & Rugby chief executive Chris White said: “With base rate unchanged for more than three years now and no sign of movement, this tracker offers an attractive rate with no early repayment charge if circumstances change.”
