Joint Borrower Sole Proprietor and Later Life mortgages now priced to match the Society’s standard product range.
Hinckley & Rugby Building Society has announced simplifications across its product range, offering a more streamlined way for brokers and their clients to choose a Hinckley & Rugby mortgage.
From 8 September, Hinckley & Rugby will offer Joint Borrower Sole Proprietor mortgages at rates that match that of the standard product range, and offer Later Life mortgages across its standard residential and Buy to Let product ranges, meaning borrowers requiring either type of mortgage will not incur a higher interest rate than Hinckley & Rugby’s standard range.
The changes come following a wholesale review of the Society’s offerings, which will also include a withdrawal of some products, making the process of choosing a mortgage a simpler affair for brokers and their clients.
Hinckley & Rugby Building Society’s Mortgage Sales & Distribution Senior Manager, Evan Crosskey, said:
“We’re pleased to now offer our Joint Borrower Sole Proprietor and Later Life borrowing at standard range prices, making them more accessible and affordable to borrowers. By reducing the number of products available, we hope to make the mortgage selection process easier for brokers and their clients. The products being withdrawn as part of this simplification have been chosen based on their very limited take-up, so we believe that brokers still have ample choice for their borrowers’ unique and complex needs, with the added benefit of a clearer, simpler product range.”
View our improved, simplified product range.