Hinckley and Rugby Mortgages

Hinckley & Rugby building society is a top 20 society, with more than £830 million in assets with 50,000 plus savers and 8,000 borrowers. The society is committed to excellent customer service and providing competitive savings and mortgage products.

Hinckley & Rugby recognizes that selecting the right mortgage product may be difficult, but try to make their product ranges straightforward and easy to understand so that you can select the product best suited to your needs.

H&R Mortgage product ranges include:

• Flexible mortgages
• Fee free mortgages
• Fixed rate mortgages
• Discount mortgages
• Offset mortgages
• Buy to let mortgages
• Later life mortgages
• Non occupier buy to let mortgages
• Joint borrower sole proprietor
• Guarantor mortgages
• Retirement mortgages

Loan to value ratio

How much you will be able to borrow as a mortgage is likely to be influenced by a number of factors, including how much you earn.

Another important consideration is your loan to value (LTV) ratio. This shows how the amount you want to borrow relates to the market value of your property.

So, if you want to borrow £50,000 as a mortgage on a £100,000 house, your LTV would be 50%.

If you then wanted to take out a second charge mortgage for a further £25,000, this would make your LTV 75%.

The higher your LTV, the higher interest rates most lenders will tend to offer.

Find the best deals on mortgage rates

The mortgages market is diverse, with many different providers and types of mortgages to choose from.

This can make it hard to know which offers the best value for you. Our mortgage calculator takes a lot of the hard work out of the equation for you.

All you have to do is head to the top of the page and plug in some basic details, including the amount you wish to borrow, how long you want to repay over and why you need the money.

The mortgage calculator will then match your enquiry with our pick of the top deals from across the industry, making it much quicker and simpler for you to make a comparison.

Independent Mortgage Advice

Remortgaging is particularly popular at the moment as interest rates are low.

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Whether you should remortgage depends on several factors, including your goals and personal circumstances.

However, in general, if interest rates are lower than you are currently paying on your mortgage, it may be a good time to remortgage.

If interest rate are higher than you are currently paying, it may be better to look at other options, such as a second mortgage or a personal loan (if you aim is to borrow more).

If you are not sure whether now is the right time to remortgage, it is a good idea to speak to an independent mortgage broker who will be able to offer impartial advice on Hinckley & Rugby BS mortgages as well as other lenders.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.