There are several Hinckley and Rugby flexible mortgage products. The Hinckley and Rugby for example have previously offered a flexible capped rate at a premium to the Bank of England base rate. This is available up to 80 per cent loan to value. This Hinckley and Rugby flexible mortgage features daily calculation of interest.
On the subject of fees, please refer directly to the lender for the amounts charged for: arrangement fee, application fee, legal fees, a higher lending charge and the standard administration fee. There are also no tied insurance products. Standard. The Hinckley and Rugby flexible mortgage is available to applicants aged 23 or older for loan amounts above £25,000. The mortgage is available on an interest only or capital repayment basis.
The Hinckley and Rugby flexible mortgage allows borrowers to increase monthly payments without incurring early repayment charges. Borrowers can also take payment holidays of up to three months a year, as long as payments are at the required minimum level. Longer payment holidays are subject to prior agreement. Additional borrowing of a minimum of £2,000 may be available at the mortgage rate.
The second flexible mortgage product offered by Hinckley and Rugby is an offset mortgage product. The Hinckley and Rugby flexible offset mortgage is available at a variable rate which is capped a few % points above the base rate. The Hinckley and Rugby flexible offset mortgage is available up to 95 per cent loan to value to applicants over 23 seeking to borrow more than £25,000. The Hinckley and Rugby flexible offset mortgage allows borrowers to increase monthly payments without incurring early repayment charges and to take payment holidays of up to three months a year. Longer payment holidays are subject to prior agreement. The Hinckley and Rugby flexible offset mortgage is linked to an offset instant access savings account with a minimum balance of £250.
Hinckley and Rugby also offers a flexible tracker mortgage to borrowers over 23, seeking to borrow at least £25,000. The Hinckley and Rugby flexible tracker mortgage can be linked to an offset savings account. The variable interest rate is usually priced above the base rate for the life of the mortgage. There is usually an arrangement fee to pay but no application fee and no higher lending charge. There are also no tied insurance products. The Hinckley and Rugby flexible tracker mortgage is available up to 95 per cent loan to value and is portable.
The Hinckley and Rugby flexible tracker mortgage allows borrowers to increase monthly payments without incurring early repayment charges. Borrowers can also take payment holidays of up to three months a year, as long as payments are at the required minimum level. Longer payment holidays are subject to prior agreement. Additional borrowing of a minimum of £2,000 may be available at the mortgage rate*.
Underpayments and payment holidays could increase the mortgage term and/or the total amount payable
However, please note that The Offset Mortgage Centre cannot advise on or arrange mortgages from the Hinckley & Rugby Building Society.
Convenient for local residents
10 working days are needed before money can be paid out against a cheque
Overpayments/underpayments
