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.
NEWS FLASH: We’ve updated our criteria
Relaunching our Buy To Let Ltd Company product
The Ltd Company Buy to Let mortgage is designed to support existing, and would-be landlords, who are looking to maximise their borrowing potential. We no longer require 24 months of landlord experience.
It will also benefit those who wish to grow their portfolios through the creation of a Special Purpose Vehicle, which will be dedicated to managing their portfolios.
Explore full product details >>
We’ve updated our criteria
As a flexible lender we’ve made a number of changes to our criteria across our entire mortgage product range. Click below to explore the full breakdown of the changes we’ve made.
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.
Take a deep dive on our criteria >>
FYI – Variable Rate changes and ERC structure update
As of 20 July 2023 we’ve made the following changes to our variable rates and ERC structure:
- We increased our Homeowner Variable Rate (HVR) and Landlord Variable Rate (LVR) to 7.79%.
- We moved to an improved new ERC structure of 2% in Year 1 and 1% in Year 2. This change impacts all 2 -Year Products, Self and Custom Build (where applicable) & Lifetime Discount products.