SimplyBiz Mortgages has launched a 90% LTV three year fixed rate exclusive through Hinckley & Rugby.

The deal is available for both purchase and re-mortgage.

It features a 2.69% rate fixed for three years, a 90% loan to value rate, a £199 arrangement fee, £800 completion fee and free valuation for re-mortgages up to £1m in valuation.

Martin Reynolds, SimplyBiz Mortgages’ chief executive, said: “This exclusive product will provide many, new opportunities for our members. Hinkley & Rugby offers an impressive and unusual range of different criteria to the market and, as a new ‘Privileged Partner’ with this provider, we are pleased to have seen much greater engagement with our members who are taking advantage of these extra benefits.”

Carolyn Thornley-Yates, head of intermediaries at Hinckley & Rugby, added: “We are delighted with how our engagement with SimplyBiz Mortgages members has grown this year and this new product will improve this even further.

“Our competitive three year fixed rate offers advisers greater choice when dealing with clients and we are pleased to offer this exclusively with SimplyBiz.”