The arrangement gives mortgageforce exclusive intermediary access to Hinckley and Rugby’s two-year discount mortgage products.
The products offer an initial interest rate of only 3.95% for loans up to 85% LTV or 3.45% for loans up to 80% LTV with no ERCs.
They include a 1.69% discount for two years off SVR, currently 5.64%, to give an interest rate of 3.95% (5.4% APR Variable) at 85% LTV.
A 2.19% discount for two years off SVR, currently 5.64%, to give an interest rate of 3.45% (5.3% APR Variable) at 80% LTV and a £250 arrangement fee.
Stewart Heeley, marketing manager for Hinckley and Rugby Building Society, says: “mortgageforce has forged an excellent reputation for developing long-term partnerships and this, together with their nationwide adviser coverage, makes for an exciting relationship that will add value to both businesses.”
Chris Steel, head of operations and affinity partnerships for mortgageforce, says: “Hinckley and Rugby has built its reputation on the quality of its personal service and is a well run and financially strong building society. Its careful approach to mortgage lending, together with a track record of providing excellent mortgage products, makes this a partnership we are delighted with.”