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.
Product news from Hinckley & Rugby for Intermediaries
Withdrawal of products
In response to current market conditions, Hinckley & Rugby for Intermediaries is withdrawing its 75% LTV BTL core two and five-year fixed rate products, with pay rates of 3.45% and 3.6% respectively.
These products will be withdrawn at 9am on Monday 1 August with applications accepted until then, providing that all essential packaging documents have also been submitted.
The list of essential packaging documents can be found here.
Replacement products will be launched simultaneously with charging rates of 3.65% and 3.8% respectively. All other product features remain unchanged.
Changes to our Standard Variable Rate
Further to the most recent Bank of England base rate change, we are increasing our own Standard Variable Rate from 1 August 2022. This will consequently affect our discount mortgage products.
The updated product details will be available on our website from this date.
Visit our website for more details on our products.