The mortgage is the Society’s 95% loan to value 2-year fixed rate at 4.89%. The exclusive version for Intrinsic has a reduced fee structure of £199 at arrangement and £600 on completion. The overall cost for comparison is 5.7% APR.
It is available for both remortgages and purchases and the Higher Lending Charge (HLC) is paid by the Society. Hinckley & Rugby’s recently raised multiples for its mortgages, at four times single and four times joint incomes, will apply to the Intrinsic exclusive.
Carolyn Thornley-Yates, Hinckley & Rugby’s business development manager, said: “We’ve been working with Intrinsic and its advisers for three years and are delighted to build on that fruitful relationship with this exclusive mortgage with its very attractive fees.”
Emma Hollingworth, mortgage sales director at the Intrinsic Network, added: “I’m extremely pleased Intrinsic will be working with Hinckley & Rugby and offering this exclusive product to our members.
“It’s a further example of our commitment to deliver great customer value by providing our advisers with access to the leading lenders and products within the industry.”