Hinckley & Rugby Building Society has won a national award for its offset mortgages, in which homebuyers’ savings can make a positive impact on how much interest they pay and over how long.
The Society was named Offset Mortgage Provider of the Year at The Mortgage Awards from Moneyage. It was also a finalist in the First Time Buyer Mortgage Lender of the Year category.
Hinckley & Rugby chief executive Chris White said:
“We have long been offering offset because we know our customers grasp the benefits that such a mortgage offers.
“In an era of low savings interest rates, the offset is popular with our customers who want to shorten their term and pay less interest overall.”
Hinckley & Rugby is also a triple finalist in the Moneyfacts Awards, for Best Building Society Mortgage Provider, Best First-Time Buyer Mortgage Provider and Best Building Society Savings Provider. The winners will be announced at the Tower of London on June 12.