The product is available at a rate of 3.49%, up to 75% LTV and offers a 2.15% discount off the SVR. Borrowers get a free valuation on properties below £1m.

Chris White, chief executive of Hinckley & Rugby said: “We are bringing back this popular mortgage in response to buyers who want a great rate without having to pay the hefty fees some lenders are charging.

“Buyers are increasingly looking for deals which tick all the boxes for them and our fee-free discount should be of wide appeal.”