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.
Withdrawal of products
Owing to rapidly increasing demand and a need to protect service levels, please be advised that Hinckley & Rugby Building Society are withdrawing the following products from 6pm today, 07 October 2022.
- RVD83 2 Year Discount 80% LTV (2.45%)
- TDO1 Discount for Term 80% LTV (3.10%)
- JRD7 Joint Borrower Sole Proprietor 2 Year Discount 80% LTV (2.45%)
Brokers will have until that time to submit any cases already in hand.
Urgent news regarding our products
WE ARE TAKING A TEMPORARY BREATHER ON NEW BUSINESS
Hinckley & Rugby have been proud to maintain our mortgage offering during turbulent times. But in recent weeks we have seen an ongoing period of very high demand, which is now putting our service under pressure.
We’ve been thrilled to be able to support so many borrowers, we also understand how important service is. Having reviewed our position today, we are opting to pause new applications for a short period of time to focus on our existing applications and protect the service we can deliver to these intermediaries and their clients.
Consequently, Hinckley & Rugby will pause accepting new applications from 5:30pm today (12/10/2022). From this time no new applications will be accepted. Please also note that applications received today may take up to 30 days to complete initial assessment. We apologise to all those disappointed by this decision.
We are working hard to ensure this pause is as temporary as possible, and when normal service is restored, we will be letting you know.