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 regarding changes to our products
In light of further increases in interest rate swap prices, Hinckley & Rugby Building Society has had to take the decision to temporarily withdraw fixed rate products across its standard product range. Please find the products being withdrawn listed below.
Applications for these products must have been received by Hinckley & Rugby Building Society by 5pm on 23 August 2022.
Fixed rate products will remain available across our niche mortgage ranges thereby allowing us to continue supporting specialist borrowers.
We understand this may be frustrating news and that it might put our intermediary partners under additional pressure, but changes in market conditions require Hinckley & Rugby to make these changes quickly for the benefit of all stakeholders.
There is a possibility that any rush in applications prior to 5pm on 23 August could put pressure on our current service times. Please be assured that application volumes over the next 24 hours will be monitored carefully with a view to minimising the impact as much as possible and keeping you informed.
Products to be withdrawn:
Residential
RVF158 2 Year Fixed (65% LTV)
RVF159 2 Year Fixed (90% LTV)
RVF160 2 Year Fixed (95% LTV)
F220 5 Year Fixed (90% LTV)
F221 5 Year Fixed (95% LTV)
Buy to Let
BTLF69 2 Year Fixed (60% LTV)
BTLF72 5 Year Fixed (60% LTV)