Hinckley & Rugby for Intermediaries has launched a pair of exclusive edition discount mortgages to support brokers placing remortgage business at lower loan-to-value (LTV) levels.

The new products include a two-year discount rate of 4.09%, available up to 60% LTV, and a 4.34%, available up to 75% LTV.

Both products come with no application fee, an £800 completion fee, and a payable valuation fee.

The maximum loan size is £500k and the products are available for remortgage cases.

Hinckley & Rugby head of sales and distribution Laura Sneddon says: “Offering consistency and value as product pricing shifts quickly is even more important in the type of market environment we are currently witnesses, with brokers having to keep pace with frequent changes across the market.”

“Our latest discount products are aimed squarely at standard borrowers coming to the end of low fixed rates, particularly those moving into lower LTV positions who are focused on securing a competitive deal.”