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.
Notification for product withdrawal & re-pricing
We’d like to inform you that the following products have been withdrawn with immediate effect. Applications arising from illustrations already produced will be accepted until 21/11/21.
Where the product has been re-launched at a different price or with a different fee structure, these changes are shown below.
Withdrawn products 17 November 2021
2-year fixed rate 65% LTV, current charging rate 1.25%, application fee £125
Price Increases from 24 November 2021
2-year fixed rate 65% LTV, current charging rate 1.25%, application fee £125
New rate 1.65%, new application fee £199
2-year fixed rate 85% LTV, current charging rate 1.95%, valuation fee chargeable
New rate 2.05%, valuation fee now free for properties worth £1m or less
Core Pricing Changes 24 November 2021
2-year fixed rate 90% LTV, current charging rate 2.30%, valuation fee chargeable
New rate 2.25%, valuation fee now free for properties worth £1m or less
5-year fixed rate 85% LTV, current charging rate 2.29%, valuation and completion fees apply
New rate 2.15%, valuation fee now free for properties worth £1m or less, completion fee no longer applies
5-year fixed rate 90% LTV, current charging rate 2.99%, valuation fee chargeable
New rate 2.64%, valuation fee now free for properties worth £1m or less
5-year fixed rate 95% LTV, current charging rate 3.69%, completion fee chargeable
New rate 2.85%, completion fee no longer applies
Joint Borrower, Sole Proprietor range
2-year discount 80% LTV, current charging rate 2.99%, valuation and completion fees apply, no ERCs apply
New rate 2.25%, valuation fee now free for properties worth £1m or less, completion fee no longer applies, ERCs have been added
2-year discount 90% LTV, current charging rate 3.19%, valuation and completion fees apply,
New rate 2.60%, valuation fee now free for properties worth £1m or less, completion fee no longer applies
2-year Fixed 80% LTV, current charging rate 3.19%, valuation and completion fees apply,
New rate 2.50%, valuation fee now free for properties worth £1m or less, completion fee no longer applies
5-year fixed rate 80% LTV, current charging rate 3.49%, valuation and completion fees apply
New rate 2.79%, valuation fee now free for properties worth £1m or less, completion fee no longer applies
5-year fixed rate 90% LTV, current charging rate 3.69%, valuation and completion fees apply
New rate 3.25%, valuation fee now free for properties worth £1m or less, completion fee no longer applies
Professional range
2-year fixed rate 80% LTV, current charging rate 2.89%, completion fees apply
New rate 2.50%, completion fee no longer applies
5-year fixed rate 80% LTV, current charging rate 3.19%, no application fee applies
New rate 2.79%, application fee now applies
Later Life range
2-year fixed rate 70% LTV, current charging rate 3.19%, completion fees apply
New rate 2.45%, completion fee no longer applies
5-year fixed rate 70% LTV, current charging rate 3.49%, completion fees apply
New rate 2.59%, completion fee no longer applies
Discount for term 70% LTV (with or without offset savings facility), current charging rate 3.09%, completion fees apply, no ERCs apply
New rate 2.00%, completion fee no longer applies, ERCs now apply
New product launches – Guarantor range
2-year discount 90% LTV, charging rate 2.60%
2-year fixed rate 90% LTV, charging rate 2.90%
5-year fixed rate 90% LTV, charging rate 3.25%
New product launch – Joint Borrower, Sole Proprietor range
2-year fixed rate 90% LTV, charging rate 2.90%
New product launches – Professional range
2-year fixed rate 90% LTV, charging rate 2.90%
5-year fixed rate 90% LTV, charging rate 3.25%
Product to be Withdrawn
2-year fixed rate 60% LTV, current charging rate 1.75%