Hinckley & Rugby for Intermediaries update on service and referrals to the Mortgage Referrals Committee

Hinckley & Rugby for Intermediaries are pleased to confirm there were 79 unusual or complex new business enquiries referred to the daily meeting of senior decision makers in December, 80% of which were agreed in principle. Common themes: 40% involved an element of later life lending, where the applicant’s age at the end of the term exceeded 75, 15% included unusual capital raising scenarios, 15% involved imperfect credit or higher debt to income ratios and the BTL/residential split was approximately 30%/70%.

In December, 50% of offers were posted within 15 working days of receipt of a fully packaged application, 64% within 17 days and 98% within 23 days.