A recent addition to our panel, please read below information regarding Hinckley and Rugby Building Society:
Hinckley & Rugby Building Society was formed in 1983 by the merger of Hinckley Permanent Building Society, which was founded in 1865, and Rugby Provident Building Society, established in 1861.
We are a top 20 society with total assets of around £550 million and over 60,000 savers. In addition, we have over 7,000 borrowers. We have 9 branches and 5 agencies.
We lend throughout England and Wales.
H&R Intermediaries believe there are many reasons why we are a good choice for your client:
No early repayment charges on any of our variable rate or shorter term fixed rate products
Flexibility to suit your client’s circumstances – only our 5 year fixed rate products have ERCs.
New build houses and flats at higher LTVs
Up to 90% LTV on new build houses and flats for residential purposes and up to 75% LTV for BTL.
Niche lending
95% lending on remortgages and purchases ♦ self build mortgages ♦ gifted equity/concessionary purchases ♦ guarantor mortgages ♦ second homes ♦ dependent relative homes ♦ multi person applications (up to 4 applicants) ♦ single applicant mortgage for married couples ♦ Remortgages for home improvement to 80% of final value on a two stage release ♦ High LTV lending with a property in the background
Flexible BTL criteria
Much of our BTL criteria is flexible. The rental income coverage requirement is only 135% when calculating the monthly payment at the product pay rate. Refer all cases in advance by telephone for a full assessment.
Individual underwriting with no automated decisions
Many areas of our lending policy are flexible for otherwise good quality applications. We do not use credit scoring systems and all decisions are taken manually.
Easy access to discuss new applications
Phone us or use the call-back request link on the website if you have a case which requires individual consideration and a BDM will call you soon afterwards to discuss the case in full. We have easy access to senior underwriters if necessary.
Dedicated case owner/no call centres
Mortgage applications are allocated to a single member of staff in our processing team, making the process smoother and updates easier to obtain. Direct dial numbers are always given.
CONTACT US
Please contact our dedicated intermediary team on the number below, alternatively send us an email or visit our website.
01455 894084
