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 information about changes to our products
Hinckley & Rugby Building Society are delighted to announce the launch of several residential fixed and discounted mortgage products, along with a new range of Buy to Let Large Loan products that support landlords looking for larger loan sizes. These products will be available from 18 February.
The new product details are as follows:
Residential
Residential 2 Year Discount 1.60% up to 65% LTV £999 Fee, Free Valuation up to £1m
Residential 2 Year Discount 1.70% up to 80% LTV £999 Fee, Free Valuation up to £1m
Residential 2 Year Fixed 2.30% up to 65% LTV £999 Fee, Free Valuation up to £1m
Residential 2 Year Fixed 2.55% up to 85% LTV £999 Fee, Free Valuation up to £1m
Residential 2 Year Fixed 2.70% up to 90% LTV £999 Fee, Free Valuation up to £1m
Residential 2 Year Fixed 2.90% up to 95% LTV £999 Fee, Free Valuation up to £1m
Residential 5 Year Fixed 2.65% up to 85% LTV £999 Fee, Free Valuation up to £1m
Residential 5 Year Fixed 2.80% up to 90% LTV £999 Fee, Free Valuation up to £1m
Residential 5 Year Fixed 3.00% up to 95% LTV £999 Fee, Free Valuation up to £1m
Joint Borrower Sole Proprietor
JBSP Residential 2.50% up to 80% LTV £999 Fee, Free Valuation up to £1m
Later Life
Later Life Residential 2.45% up to 70% LTV £999 Fee, Free Valuation up to £1m
Buy to Let Large Loan
BTL Large Loan 2 Year Discount 1.60% up to 60% LTV, £1499 Fee, Valuation fee payable
BTL Large Loan 2 Year Fixed 2.30% up to 60% LTV, £1499 Fee, Valuation fee payable
BTL Large Loan 5 Year Fixed 2.40% up to 60% LTV, £1499 Fee, Valuation fee payable
Visit our website for more details on our products.
Relaunch of Buy to Let Limited Company product
Hinckley & Rugby are pleased to announce the relaunch of its Buy to Let Limited Company Lending proposition.
Available from 18 February, the product has been designed to support existing and would-be landlords who are looking to fix their repayments for a longer period and maximise their borrowing potential. It will also benefit those who wish to grow their portfolios through the creation of a Special Purpose Vehicle, which is dedicated to managing their portfolios.
The product details are as follows:
- 5 Year Fixed 2.95%
- 70% LTV, £250 App Fee
- £999 Completion Fee
- Free valuation up to £1m
Our target borrower will have no more than 10 mortgaged properties in their portfolio, at least two years experience as a landlord and will be growing their portfolio steadily, with fewer than four properties acquired in the last 12 months.
Visit our website for more details on our products.