The mortgage stands at 3.45% to 80% LTV with a £199 arrangement fee, £800 completion fee and a scaled valuation fee from £245.
The product comes with early repayment charges for the five years, while there is an annual overpayment allowance of 10% per annum.
John Coffield, head of Paradigm Mortgage Services, said: “With Bank base rate destined to begin its move upwards any month now, advisers will undoubtedly be finding that purchasers, movers and those looking to remortgage are increasingly interested in longer-term fixed rate products in order to have monthly mortgage payment certainty.
“We have always had a particularly strong relationship with the team at Hinckley and Rugby – a lender which is a great supporter of the intermediary community, has a strong service ethic and one that has an increasing appetite to lend.
“This is why we are particularly pleased to be offering this exclusive product to all Paradigm members from today.”
The minimum advance is £50,000, the minimum age for applicants is 23, while there are free legals available for remortgagers.
Emily Smith, business development manager at Hinckley and Rugby Building Society, added: “Hinckley and Rugby Building Society joined forces with Paradigm Mortgage Services over 12 months ago and we are committed to working together to move the relationship from strength to strength.
“We are delighted to offer this exclusive and competitive 5-year fixed rate product and we hope this will result in a high level of interest from the Paradigm members.”
