Hinckley and Rugby Building Society has updated its product and criteria, the details are below. These products are available through our direct to lender mortgage club so contact us for more information on how our club can support your business.
Introducing the first sub 1% product since Covid-19
We have an exciting product update for you.
As of late, we have seen a significant increase in demand for discount products, possibly due to some economists’ predictions that the Bank of England base rate isn’t expected to rise until 2025. Clients have been taking advantage of low rates and, to cater for borrowers who would like to take their rate below 1% in the current market, we have launched a limited availability 2 year discount product at 0.99%.
Criteria restrictions
This product is only available:
- Up to 60% LTV
- For remortgages
- To employed applicants
- With a minimum loan size of £150,000
- On a Capital and Interest repayment basis