Hinckley & Rugby Building Society has launched its first exclusive mortgage for the Intrinsic network of financial advisers.
The deal is the mutual’s 95% Loan to Value (LTV) two year fixed rate at 4.89%. The exclusive version for Intrinsic has a reduced fee structure of £199 at arrangement and £600 on completion.
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.”
The mortgage is available from today for Intrinsic’s network of 3,000 advisers, the UK’s largest network of restricted and independent financial advisers.
Emma Hollingworth, mortgage sales director at the Intrinsic Network, said: “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.”