The current PMS and Sesame exclusive three-year discount product from Melton Mowbray Building Society is now available to purchase customers.

The three-year discount-rate mortgage offers an initial pay rate of 2.15% and no up-front arrangement or booking fees. It also includes £250 cashback and free legal fees for remortgage customers. The product also has the option to link to the society’s Offset Share account.

It is available for loans up to 75% loan to value (LTV) and includes a completion fee of £499.

The early repayment charge of 3.25% is only applicable during the first 12 months.

Robert McCoy, senior product and communications manager for mortgages at Sesame Bankhall Group, said: “With the Melton Mowbray Building Society’s common sense approach to underwriting, coupled with the incentives offered on this product, I am sure that it will be popular with our members.”

Martin Reason, chief executive of the Melton Group, added: “We value our relationship with Sesame Bankhall Group and we are pleased to broaden the terms of this exclusive offer to make it more attractive to brokers and their clients.”