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.
Changes to our Standard Variable Rate
Following further changes to the Bank of England base rate in August, we are increasing our own Standard Variable Rate (SVR), to come into effect from 1 October. The changes to our rate will consequently affect our discount mortgage products. Full details of our product range will be available on our website from 1 October. Following the subsequent base rate change in September, further changes to our SVR will be announced shortly.
Did you know that we now offer our Later Life and Joint Borrower Sole Proprietor products at the same rates as our standard product range?
Following a simplification of our product range, we now offer a more streamlined way for brokers and their clients to choose a mortgage from us, meaning borrowers requiring either Joint Borrower Sole Proprietor or Later Life mortgages will not incur a higher interest rate than the Society’s standard range.