PMS members and appointed representatives of Sesame network now have access to a new exclusive three-year discount rate product from Hinckley & Rugby Building Society.

There are no early repayment charges.

The three-year discount rate mortgage offers an initial pay rate of 2.9% and no up-front arrangement or booking fees.

It also includes free legal fees for qualifying remortgages.

It is available for loans up to 80% loan to value (LTV) and there are no completion fees or early repayment charges.

John Cupis, managing director, mortgages at Sesame Bankhall Group, said: “With Hinckley and Rugby Building Society’s proven track record as a high-quality mortgage provider, together with the attractive features offered on this product, I am sure it will be popular with our members and their customers.”

Carolyn Thornley-Yates, business development manager at Hinckley & Rugby, added: “We are pleased to be offering this very attractive mortgage to customers via our long-standing partners.

“A completely fee-free mortgage below 3% should be of great interest to the market and good business for introducers.”