In This Article
Who are Hinckley and Rugby Building Society?
Hinckley & Rugby Building Society is a top 20 society which was formed in 1983. They were initially locally based but now offers a national service.
They are building society which aims to help people save and purchase their homes whilst offering a selection of insurance products.
The society has an ethical operating model based on local decision making and national expertise to help their members’ financial dreams become a reality, whether they be mortgages to buy a house, or savings and Isas for financial security and life’s luxuries.
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Hinckley and Rugby Building Society mortgages
Hinckley and Rugby pride themselves on their customer service, their mortgage underwriting decisions are all made manually and with no credit scoring.
The society offers residential and buy to let mortgages for house purchases and remortgages.
Their key lending areas are:
- Residential mortgages
- New build mortgages
- Joint borrower sole proprietor
- Guarantor mortgages
- Split term loans
- Retirement Interest-Only mortgages
- Second home mortgages
- Offset mortgages
- Later life lending
- Self-build mortgages
- Buy to let mortgages
- First time buyer buy to let mortgages
Are Hinckley and Rugby Building Society rates cheap?
Hinkley and Rugby aim to offer competitive products to their target market members, as they operate a more manual approach to their lending, by not credit scoring their rates may be more expensive than high street banks.
When comparing mortgage products it is important to consider all aspects of the mortgage such as the initial interest rate, fees charged such as application fee and valuation fee also the quality of the lender’s service before making a decision.
If you are looking to change your mortgage or sell the property soon after taking a mortgage, Hinkley & Rugby offer some flexible products that have no early repayment charges.
Can I remortgage with Hinckley and Rugby Building Society?
You will need to speak to either Hinckley and Rugby Building Society or a mortgage advisor if you are already a customer.
An independent mortgage advisor can review your situation and advise you on all products available in the market and find the best option for you. The best option may not be staying with your current lender.
How long does it take to get an offer with Hinckley and Rugby Building Society?
Hinckley and Rugby Building Society’ average time from application to offer is around four weeks, which is like most building societies. However, this duration can vary on a case-by-case basis and may be extended for more complicated deals, for example, due to bad credit, a non-standard property type, or complex self-employed income.
I been declined by Hinckley and Rugby Building Society; what do I do now?
If you’ve been declined a mortgage from Hinckley and Rugby Building Society, first you should look into the reason for this.
If the decline was due to adverse credit, you should speak to a mortgage advisor as they may be able to help you find another lender willing to give you a mortgage. Mortgage advisors get to know lenders criteria and will know which is best suited for adverse credit.
If you would like to investigate your credit profile you can utilise either Experian, Equifax, Transunion or Check My File, which offers a free trial.
If your decline was due to your situation such as affordability or the property, a mortgage advisor may be able to help you find another lender willing to give you a mortgage.
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Conclusion
Hinckley & Rugby Building Society is a top 20 society which was formed in 1983 and offers a national service.
The society has an ethical operating model based on local decision making and national expertise to help their members’ financial dreams become a reality.
Hinckley and Rugby pride themselves on their customer service and their mortgage underwriting decisions are all made manually and with no credit scoring.
The society offers residential and buy to let mortgages for house purchases and remortgages.
When comparing a mortgage from Hinkley & Rugby it is important to consider all aspects of the mortgage such as the initial interest rate, fees charged such as application fee and valuation fee also the quality of the lender’s service before making a decision.
An independent mortgage advisor can review your situation and advise you on all products available in the market and find the best option for you.
Should you want to speak to a mortgage advisor, I NEED ADVICE can match you with a mortgage advisor who can review the whole market and recommend the right mortgage for you.
They are experienced, which can boost your chances of being approved.
