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.
IMPORTANT: Updates to our mortgage rates
Following changes to the Bank of England base rate in May 2023, the interest rates of mortgage products will be increasing by 0.25% from 30 June. Full details of our product range will be available on our website from this date.
Following the subsequent base rate change in June, rates will be reviewed with any changes announced in due course.
To learn more about our products, click below or get in touch with our team. We’re always here to support you and your clients.
Introducing HVR and LVR – our variable rate product structure
We are simplifying our variable rate product structure, but don’t worry the initial rate your clients pay will stay the same.
From 30 June 2023, we will have a Homeowner Variable Rate (HVR) for Owner Occupier, and Landlord Variable Rate (LVR) for Buy to Let. We will have also removed our revisionary rate.
What does this mean for variable rate linked products?
- For cases submitted before 30 June 2023 – nothing, these cases are not affected.
- All our variable rate products, including retentions, will be priced against HVR and LVR.
- Product codes, product names, and discount amounts will all be updated
- This will not affect the initial rate the customer pays
PRODUCT WITHDRAWAL
Withdrawal of LTD Company – Buy to Let 2 Year Discount 5.64% variable
Please be advised that we are withdrawing the following LTD Company Buy to Let product today at 5.00pm. You will have until that time to submit your cases.
To review our remaining competitive mortgage products please visit our website. Keep your eyes peeled for further product announcements in the near future.
How to get in touch
To speak to a member of our team, call us on 01455 894 084, our team will answer the phone within seconds or email [email protected]. Alternatively, you can visit our website for details of all our available products and speak to our team via live chat.