Hinckley & Rugby for Intermediaries has introduced two new remortgage products, both available at 80% Loan-to-Value (LTV) and featuring no early repayment charges (ERCs).

The new additions, available across the society’s core and credit flex ranges allow borrowers, to make overpayments or switch products without penalties.

The remortgage – ERC Free – two-year discount product features a 5.65% variable rate (1.64% discount off the homeowner variable rate). While the remortgage – ERC free – Credit Flex – two- year discount is available at a 5.99% variable rate (1.30% discount off the Homeowner Variable Rate).

Both products come with a £999 non-refundable product fee.

Commenting on the launches, Hinckley & Rugby head of mortgage sales and distribution Laura Sneddon said: “Flexibility is increasingly important for borrowers in today’s market, and we believe these ERC-free remortgage products provide advisers with valuable options to support their clients.

“The ability to make overpayments or switch products without penalty can be crucial for those whose financial circumstances have the potential to change, offering greater control and peace of mind. By removing ERCs, we’re helping those borrowers who want to stay agile in their mortgage choices without any unnecessary restrictions.”