H&R for Intermediaries recognises that choosing the right mortgage for your client may be difficult, but we have always tried to make our products straightforward and easy to understand.
Please find below a complete list of all currently available residential mortgage products. Use the arrow tools in the column headings to search for products by rate or by maximum loan to value.
Please note this table includes our Joint Borrower Sole Proprietor and Later Life products – these are clearly noted in the product name.
Please refer to the individual product guide for details of the minimum loan size. The maximum loan size varies according to LTV. Please use the Criteria – Residential section to check this before producing an illustration.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£250 (non-refundable)
Completion fee:
Free
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
None
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £241,200.00 payable over 17 years on our Standard Variable Rate of 5.89% would require 204 monthly payments of £1,874.14
The total amount payable would be £383,439.71 made up of the loan amount plus interest (£141,124.71), an arrangement fee (£250.00), a legal fee (£250.00), a mortgage exit administration fee (£150.00) and valuation fee (£465.00).
The overall cost for comparison is 6.1% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Free where the price or value of the property is £1million or less.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
None
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Property assessment fee payable on prices or values of more than £1million (non-refundable after property assessment carried out for the Society):
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£1,000,000
Free
Free
£1,500,000
£310
£310
£2,000,000
£510
£510
£2,500,000
£890
£890
£3,000,000
£1,290
£1,290
£3,500,000
£1,690
£1,690
£4,000,000
£2,090
£2,090
£4,500,000
£2,490
£2,490
£5,000,000
£2,890
£2,890
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Special Features
Offset facility available if required – please click here to see further information
80% LTV product only – Flexible features, including the facility for payment holidays and the ability to make overpayments
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £164,510.00 (a loan of £163,710.00 plus a completion fee of £800.00 added to the loan) payable over 16 years on a discounted variable rate of 2.37% for the full term of 16 years would require 192 monthly payments of £1,030.35.
The total amount payable would be £198,427.14 made up of the loan amount plus interest (£33,318.14), an arrangement fee (£199.00), a legal fee (£250.00) and a mortgage exit administration fee (£150.00).
The overall cost for comparison is 2.5% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
2.84%
80%
Arrangement fee: £199 Completion fee: £800 (can be added)
Free where the price or the value of the property is £1million or less
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Free where the price or value of the property is £1million or less.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
None
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Property assessment fee payable on prices or values of more than £1million (non-refundable after property assessment carried out for the Society):
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£1,000,000
Free
Free
£1,500,000
£310
£310
£2,000,000
£510
£510
£2,500,000
£890
£890
£3,000,000
£1,290
£1,290
£3,500,000
£1,690
£1,690
£4,000,000
£2,090
£2,090
£4,500,000
£2,490
£2,490
£5,000,000
£2,890
£2,890
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Special features of 2.15% & 2.69% products
Not available for the purchase or remortgage of flats
2.69% product not available for new build houses
Not available to self-employed applicants
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £187,692.00 (a loan of £186,892.00 plus a completion fee of £800.00 added to the loan) payable over 16 years initially on a discounted variable rate for two years of 2.08%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89%for the remaining 11 years would require 24 monthly payments of £1,150.07, followed by 36 monthly payments of £1,323.74 and 132 monthly payments of£1,437.91.
The total amount payable would be £265,692.00 made up of the loan amount plus interest (£77,368.34), an arrangement fee (£199.00), a legal fee (£250.00), a mortgage exit administration fee (£150.00).
The overall cost for comparison is 5.0% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
1.99%
80%
Arrangement fee: £199 Completion fee: £800 (can be added)
Free where the price or the value of the property is £1million or less
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
None
Other fees
Higher lending charge:
Applicable over 80% loan to value only and is paid by the Society.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Special features of 2.15% & 2.69% products
Not available for the purchase or remortgage of flats
2.69% product not available for new build houses
Not available to self-employed applicants
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £187,692.00 (a loan of £186,892.00 plus a completion fee of £800.00 added to the loan) payable over 16 years initially on a discounted variable rate for two years of 2.08%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89%for the remaining 11 years would require 24 monthly payments of £1,150.07, followed by 36 monthly payments of £1,323.74 and 132 monthly payments of£1,437.91.
The total amount payable would be £265,692.00 made up of the loan amount plus interest (£77,368.34), an arrangement fee (£199.00), a legal fee (£250.00), a mortgage exit administration fee (£150.00).
The overall cost for comparison is 5.0% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
2.15%
85%
Arrangement fee: £199 Completion fee: £800 (can be added)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Other fees
Higher lending charge:
Applicable over 80% loan to value only and is paid by the Society.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 2.15% & 2.69% products
Not available for the purchase or remortgage of flats
2.69% product not available for new build houses
Not available to self-employed applicants
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £187,692.00 (a loan of £186,892.00 plus a completion fee of £800.00 added to the loan) payable over 16 years initially on a discounted variable rate for two years of 2.08%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89%for the remaining 11 years would require 24 monthly payments of £1,150.07, followed by 36 monthly payments of £1,323.74 and 132 monthly payments of£1,437.91.
The total amount payable would be £265,692.00 made up of the loan amount plus interest (£77,368.34), an arrangement fee (£199.00), a legal fee (£250.00), a mortgage exit administration fee (£150.00).
The overall cost for comparison is 5.0% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
2.69%
90%
Arrangement fee: £199 Completion fee: £800 (can be added)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
During year 1: 5% of the amount repaid early plus fees
During year 2: 4% of the amount repaid early plus fees
During year 3: 3% of the amount repaid early plus fees
During year 4: 2% of the amount repaid early plus fees
During year 5: 1% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Other fees
Higher lending charge:
Applicable over 80% loan to value only and is paid by the Society.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 2.79%, 3.29% and 3.69% products
Over 80% LTV Applications
Not available for the purchase or remortgage of flats
Not available to self-employed applicants
Over 85% LTV Applications
Not available for new build houses
Over 90% LTV Applications
Only available for house purchases (not remortgages)
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £153,437.00 (a loan of £152,637.00 plus a completion fee of £800.00 added to the loan) payable over 14 years initially on a fixed rate for five years of 2.63% and then on our Standard Variable Rate of 5.89% for the remaining 9 years would require 60 monthly payments of £1,092.74, followed by 108 monthly payments of £1,254.74.
The total amount payable would be £201,675.44 made up of the loan amount plus interest (£47,639.44), an arrangement fee (£199.00), a legal fee (£250.00) and mortgage exit administration fee (£150.00).
The overall cost for comparison is 4.4% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
2.79%
85%
Arrangement fee: £199 Completion fee: £800 (can be added)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
During year 1: 5% of the amount repaid early plus fees
During year 2: 4% of the amount repaid early plus fees
During year 3: 3% of the amount repaid early plus fees
During year 4: 2% of the amount repaid early plus fees
During year 5: 1% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Other fees
Higher lending charge:
Applicable over 80% loan to value only and is paid by the Society.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 2.79%, 3.29% and 3.69% products
Over 80% LTV Applications
Not available for the purchase or remortgage of flats
Not available to self-employed applicants
Over 85% LTV Applications
Not available for new build houses
Over 90% LTV Applications
Only available for house purchases (not remortgages)
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £153,437.00 (a loan of £152,637.00 plus a completion fee of £800.00 added to the loan) payable over 14 years initially on a fixed rate for five years of 2.63% and then on our Standard Variable Rate of 5.89% for the remaining 9 years would require 60 monthly payments of £1,092.74, followed by 108 monthly payments of £1,254.74.
The total amount payable would be £201,675.44 made up of the loan amount plus interest (£47,639.44), an arrangement fee (£199.00), a legal fee (£250.00) and mortgage exit administration fee (£150.00).
The overall cost for comparison is 4.4% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
3.29%
90%
Arrangement fee: £199 Completion fee: £800 (can be added)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Free where the price or value of the property is £1million or less.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
During year 1: 5% of the amount repaid early plus fees
During year 2: 4% of the amount repaid early plus fees
During year 3: 3% of the amount repaid early plus fees
During year 4: 2% of the amount repaid early plus fees
During year 5: 1% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Other fees
Higher lending charge:
Applicable over 80% loan to value only and is paid by the Society.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Property assessment fee payable on prices or values of more than £1million (non-refundable after property assessment carried out for the Society):
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£1,000,000
Free
Free
£1,500,000
£310
£310
£2,000,000
£510
£510
£2,500,000
£890
£890
£3,000,000
£1,290
£1,290
£3,500,000
£1,690
£1,690
£4,000,000
£2,090
£2,090
£4,500,000
£2,490
£2,490
£5,000,000
£2,890
£2,890
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 2.79%, 3.29% and 3.69% products
Over 80% LTV Applications
Not available for the purchase or remortgage of flats
Not available to self-employed applicants
Over 85% LTV Applications
Not available for new build houses
Over 90% LTV Applications
Only available for house purchases (not remortgages)
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £153,437.00 (a loan of £152,637.00 plus a completion fee of £800.00 added to the loan) payable over 14 years initially on a fixed rate for five years of 2.63% and then on our Standard Variable Rate of 5.89% for the remaining 9 years would require 60 monthly payments of £1,092.74, followed by 108 monthly payments of £1,254.74.
The total amount payable would be £201,675.44 made up of the loan amount plus interest (£47,639.44), an arrangement fee (£199.00), a legal fee (£250.00) and mortgage exit administration fee (£150.00).
The overall cost for comparison is 4.4% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
3.69%
95%
Arrangement fee: £199 Completion fee: £800 (can be added)
Free where the price or the value of the property is £1million or less
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Free where the price or value of the property is £1million or less.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Property assessment fee payable on prices or values of more than £1million (non-refundable after property assessment carried out for the Society):
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£1,000,000
Free
Free
£1,500,000
£310
£310
£2,000,000
£510
£510
£2,500,000
£890
£890
£3,000,000
£1,290
£1,290
£3,500,000
£1,690
£1,690
£4,000,000
£2,090
£2,090
£4,500,000
£2,490
£2,490
£5,000,000
£2,890
£2,890
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 1.75% product
Only available for remortgages
Minimum loan of £150,000
Not available to self-employed applicants
Special features of 2.45%, 2.99% and 3.39% products
Over 80% LTV Applications
Not available for the purchase or remortgage of flats
Not available to self-employed applicants
Over 85% LTV Applications
Not available for new build houses
Over 90% LTV Applications
Only available for house purchases (not remortgages)
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £177,046.00 (a loan of £176,246.00 plus a completion fee of £800.00 added to the loan) payable over 23 years initially on a fixed rate for two years of 2.57%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89% for the remaining 18 years would require 24 monthly payments of £850.29, followed by 36 monthly payments of £992.78 and 228 monthly payments of £1,126.60.
The total amount payable would be £300,142.68 made up of the loan amount plus interest (£122,446.68), an arrangement fee (£250.00), a legal fee(£250.00), a mortgage exit administration fee (£150.00).
The overall cost for comparison is 5.3% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
1.75%
60%
Arrangement fee: £199 Completion fee: £800 (can be added)
Free where the price or the value of the property is £1million or less
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Other fees
Higher lending charge:
Applicable over 80% loan to value only and is paid by the Society.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 1.75% product
Only available for remortgages
Minimum loan of £150,000
Not available to self-employed applicants
Special features of 2.45%, 2.99% and 3.39% products
Over 80% LTV Applications
Not available for the purchase or remortgage of flats
Not available to self-employed applicants
Over 85% LTV Applications
Not available for new build houses
Over 90% LTV Applications
Only available for house purchases (not remortgages)
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £177,046.00 (a loan of £176,246.00 plus a completion fee of £800.00 added to the loan) payable over 23 years initially on a fixed rate for two years of 2.57%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89% for the remaining 18 years would require 24 monthly payments of £850.29, followed by 36 monthly payments of £992.78 and 228 monthly payments of £1,126.60.
The total amount payable would be £300,142.68 made up of the loan amount plus interest (£122,446.68), an arrangement fee (£250.00), a legal fee(£250.00), a mortgage exit administration fee (£150.00).
The overall cost for comparison is 5.3% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
2.45%
85%
Arrangement fee: £199 Completion fee: £800 (can be added)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Other fees
Higher lending charge:
Applicable over 80% loan to value only and is paid by the Society.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 1.75% product
Only available for remortgages
Minimum loan of £150,000
Not available to self-employed applicants
Special features of 2.45%, 2.99% and 3.39% products
Over 80% LTV Applications
Not available for the purchase or remortgage of flats
Not available to self-employed applicants
Over 85% LTV Applications
Not available for new build houses
Over 90% LTV Applications
Only available for house purchases (not remortgages)
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £177,046.00 (a loan of £176,246.00 plus a completion fee of £800.00 added to the loan) payable over 23 years initially on a fixed rate for two years of 2.57%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89% for the remaining 18 years would require 24 monthly payments of £850.29, followed by 36 monthly payments of £992.78 and 228 monthly payments of £1,126.60.
The total amount payable would be £300,142.68 made up of the loan amount plus interest (£122,446.68), an arrangement fee (£250.00), a legal fee(£250.00), a mortgage exit administration fee (£150.00).
The overall cost for comparison is 5.3% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
2.99%
90%
Arrangement fee: £199 Completion fee: £800 (can be added)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Free where the price or value of the property is £1million or less.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Other fees
Higher lending charge:
Applicable over 80% loan to value only and is paid by the Society.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Property assessment fee payable on prices or values of more than £1million (non-refundable after property assessment carried out for the Society):
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£1,000,000
Free
Free
£1,500,000
£310
£310
£2,000,000
£510
£510
£2,500,000
£890
£890
£3,000,000
£1,290
£1,290
£3,500,000
£1,690
£1,690
£4,000,000
£2,090
£2,090
£4,500,000
£2,490
£2,490
£5,000,000
£2,890
£2,890
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 1.75% product
Only available for remortgages
Minimum loan of £150,000
Not available to self-employed applicants
Special features of 2.45%, 2.99% and 3.39% products
Over 80% LTV Applications
Not available for the purchase or remortgage of flats
Not available to self-employed applicants
Over 85% LTV Applications
Not available for new build houses
Over 90% LTV Applications
Only available for house purchases (not remortgages)
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £177,046.00 (a loan of £176,246.00 plus a completion fee of £800.00 added to the loan) payable over 23 years initially on a fixed rate for two years of 2.57%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89% for the remaining 18 years would require 24 monthly payments of £850.29, followed by 36 monthly payments of £992.78 and 228 monthly payments of £1,126.60.
The total amount payable would be £300,142.68 made up of the loan amount plus interest (£122,446.68), an arrangement fee (£250.00), a legal fee(£250.00), a mortgage exit administration fee (£150.00).
The overall cost for comparison is 5.3% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
3.39%
95%
Arrangement fee: £199 Completion fee: £800 (can be added)
Free where the price or the value of the property is £1million or less
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Free where the price or value of the property is £1million or less.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
None
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Property assessment fee payable on prices or values of more than £1million (non-refundable after property assessment carried out for the Society):
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£1,000,000
Free
Free
£1,500,000
£310
£310
£2,000,000
£510
£510
£2,500,000
£890
£890
£3,000,000
£1,290
£1,290
£3,500,000
£1,690
£1,690
£4,000,000
£2,090
£2,090
£4,500,000
£2,490
£2,490
£5,000,000
£2,890
£2,890
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Special Features
Mortgage product specifically for later life borrowers who will be either over 75 at the end of their term or borrowing in or into retirement.
Offset facility available if required – please click here to see further information
Flexible features, including the facility for payment holidays and the ability to make overpayments
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £192,593.00 (a loan of £191,793.00 plus a completion fee of £800.00 added to the loan) payable over 13 years on a discounted variable rate of 2.86% for the full term of 13 years would require 156 monthly payments of £1,479.92.
The total amount payable would be £231,435.33 made up of the loan amount plus interest (£38,243.33), an arrangement fee (£199.00), a legal fee (£250.00) and a mortgage exit administration fee (£150.00).
The overall cost for comparison is 3.0% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
3.09%
70%
Arrangement fee: £199 Completion fee: £800 (can be added)
Free where the price or the value of the property is £1million or less
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Free where the price or value of the property is £1million or less.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Property assessment fee payable on prices or values of more than £1million (non-refundable after property assessment carried out for the Society):
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£1,000,000
Free
Free
£1,500,000
£310
£310
£2,000,000
£510
£510
£2,500,000
£890
£890
£3,000,000
£1,290
£1,290
£3,500,000
£1,690
£1,690
£4,000,000
£2,090
£2,090
£4,500,000
£2,490
£2,490
£5,000,000
£2,890
£2,890
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Mortgage product specifically for later life borrowers who will be either over 75 at the end of their term or borrowing in or into retirement.
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £145,131.00 (a loan of £144,331.00 plus a completion fee of £800.00 added to the loan) payable over 16 years initially on a fixed rate for two years of 3.08%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89% for the remaining 11 years would require 24 monthly payments of £958.33, followed by 36 monthly payments of £1,032.52 and 144 monthly payments of £1,121.56.
The total amount payable would be £208,815.67 made up of the loan amount plus interest (£63,085.67), an arrangement fee (£199.00), a legal fee
(£250.00), a mortgage exit administration fee (£150.00).
The overall cost for comparison is 5.1% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
3.19%
70%
Arrangement fee: £199 Completion fee: £800 (can be added)
Free where the price or the value of the property is £1million or less
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Free where the price or value of the property is £1million or less.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
During year 1: 5% of the amount repaid early plus fees
During year 2: 4% of the amount repaid early plus fees
During year 3: 3% of the amount repaid early plus fees
During year 4: 2% of the amount repaid early plus fees
During year 5: 1% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Property assessment fee payable on prices or values of more than £1million (non-refundable after property assessment carried out for the Society):
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£1,000,000
Free
Free
£1,500,000
£310
£310
£2,000,000
£510
£510
£2,500,000
£890
£890
£3,000,000
£1,290
£1,290
£3,500,000
£1,690
£1,690
£4,000,000
£2,090
£2,090
£4,500,000
£2,490
£2,490
£5,000,000
£2,890
£2,890
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Mortgage product specifically for later life borrowers who will be either over 75 at the end of their term or borrowing in or into retirement.
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £153,437.00 (a loan of £152,637.00 plus a completion fee of £800.00 added to the loan) payable over 14 years initially on a fixed rate for five years of 2.63% and then on our Standard Variable Rate of 5.89% for the remaining 12 years would require 60 monthly payments of £1,092.74, followed by 108 monthly payments of £1,254.74.
The total amount payable would be £201,675.44 made up of the loan amount plus interest (£47,639.44), an arrangement fee (£199.00), a legal fee (£250.00) and mortgage exit administration fee (£150.00).
The overall cost for comparison is 4.4% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
3.49%
70%
Arrangement fee: £199 Completion fee: £800 (can be added)
Free where the price or the value of the property is £1million or less
No
Joint Borrower Sole Proprietor 5 Year Fixed JBSP-F174
3.49% fixed - Joint Borrower Sole Proprietor 5 Year Fixed - [JBSP - F174]
SPECIAL MORTGAGE SCHEME
With effect from 5 March 2021
Available throughout England and Wales
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
A JOINT BORROWER SOLE PROPRIETOR MORTGAGE is designed to help someone to buy a home with the financial assistance of a third party or parties with the only charge being on the property being purchased. The buyer’s income is boosted by that of the third party, for example a parent or guardian, as part of the application but without adding them to the title deeds. The third party whose name will not be on the deeds will be required to take independent legal advice. The advising solicitor must provide written confirmation that they have done so in the Society’s required format before the loan monies can be released.
Maximum loan to value available:
Fixed for 5 years from completion
Reverting for the rest of the term of the mortgage to Standard Variable Rate (SVR)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
During year 1: 5% of the amount repaid early plus fees
During year 2: 4% of the amount repaid early plus fees
During year 3: 3% of the amount repaid early plus fees
During year 4: 2% of the amount repaid early plus fees
During year 5: 1% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 3.69% product
Over 80% LTV Applications
Not available for the purchase or remortgage of flats
Not available to self-employed applicants
Over 85% LTV Applications
Not available for new build houses
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £153,437.00 (a loan of £152,637.00 plus a completion fee of £800.00 added to the loan) over 14 years initially on a fixed rate for five years of 3.49% and then on our Standard Variable Rate of 5.89% for the remaining 9 years would require 60 monthly payments of £1,155.84 followed by 108 monthly payments of £1,278.74.
The total amount payable would be £208,482.84 made up of the loan amount plus interest (£54,016.84), an arrangement fee (£199.00), a legal fee (£250.00) and a mortgage exit administration fee (£150.00) and valuation fee (£430.00)
The overall cost for comparison is 4.6% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
3.49%
80%
Arrangement fee: £199 Completion fee: £800 (can be added)
No
No
Joint Borrower Sole Proprietor 5 Year Fixed JBSP-JRF8
3.69% fixed - Joint Borrower Sole Proprietor 5 Year Fixed - [JBSP - JRF8]
SPECIAL MORTGAGE SCHEME
With effect from 5 March 2021
Available throughout England and Wales
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
A JOINT BORROWER SOLE PROPRIETOR MORTGAGE is designed to help someone to buy a home with the financial assistance of a third party or parties with the only charge being on the property being purchased. The buyer’s income is boosted by that of the third party, for example a parent or guardian, as part of the application but without adding them to the title deeds. The third party whose name will not be on the deeds will be required to take independent legal advice. The advising solicitor must provide written confirmation that they have done so in the Society’s required format before the loan monies can be released.
Maximum loan to value available:
Fixed for 5 years from completion
Reverting for the rest of the term of the mortgage to Standard Variable Rate (SVR)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
During year 1: 5% of the amount repaid early plus fees
During year 2: 4% of the amount repaid early plus fees
During year 3: 3% of the amount repaid early plus fees
During year 4: 2% of the amount repaid early plus fees
During year 5: 1% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Other fees
Higher lending charge:
Applicable over 80% loan to value only and is paid by the Society.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 3.69% product
Over 80% LTV Applications
Not available for the purchase or remortgage of flats
Not available to self-employed applicants
Over 85% LTV Applications
Not available for new build houses
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £153,437.00 (a loan of £152,637.00 plus a completion fee of £800.00 added to the loan) over 14 years initially on a fixed rate for five years of 3.49% and then on our Standard Variable Rate of 5.89% for the remaining 9 years would require 60 monthly payments of £1,155.84 followed by 108 monthly payments of £1,278.74.
The total amount payable would be £208,482.84 made up of the loan amount plus interest (£54,016.84), an arrangement fee (£199.00), a legal fee (£250.00) and a mortgage exit administration fee (£150.00) and valuation fee (£430.00)
The overall cost for comparison is 4.6% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
3.69%
90%
Arrangement fee: £199 Completion fee: £800 (can be added)
No
No
Joint Borrower Sole Proprietor 2 Year Fixed JBSP-RVF103
3.19% fixed - Joint Borrower Sole Proprietor 2 Year Fixed - [JBSP - RVF103]
SPECIAL MORTGAGE SCHEME
With effect from 5 March 2021
Available throughout England and Wales
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
A JOINT BORROWER SOLE PROPRIETOR MORTGAGEis designed to help someone to buy a home with the financial assistance of a third party or parties with the only charge being on the property being purchased. The buyer’s income is boosted by that of the third party, for example a parent or guardian, as part of the application but without adding them to the title deeds. The third party whose name will not be on the deeds will be required to take independent legal advice. The advising solicitor must provide written confirmation that they have done so in the Society’s required format before the loan monies can be released.
Maximum loan to value available:
Fixed for 2 years from date of completion
Reverts to 1.65% discount off SVR for the next 3 years
Then reverting for the rest of the term of the mortgage to Standard Variable Rate (SVR)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 3.49% product
Over 80% LTV Applications
Not available for the purchase or remortgage of flats
Not available to self-employed applicants
Over 85% LTV Applications
Not available for new build houses
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £177,046.00 (a loan of £176,246.00 plus a completion fee of £800.00 added to the loan) payable over 23 year s initially on a fixed rate for two years of 3.19%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89% for the remaining 18 years would require 24 monthly payments of £906.13, followed by 36 monthly payments of £997.65 and 216 monthly payments of £1,132.13.
The total amount payable would be £303,127.02 made up of the loan amount plus interest (£125,157.02), an arrangement fee (£199.00), a legal fee (£250.00) and a mortgage exit administration fee (£150.00) and valuation fee (£325.00)
The overall cost for comparison is 5.1% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
3.19%
80%
Arrangement fee: £199 Completion fee: £800 (can be added)
No
No
Joint Borrower Sole Proprietor 2 Year Fixed JBSP-JRF7
3.49% fixed - Joint Borrower Sole Proprietor 2 Year Fixed - [JBSP - JRF7]
SPECIAL MORTGAGE SCHEME
With effect from 5 March 2021
Available throughout England and Wales
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
A JOINT BORROWER SOLE PROPRIETOR MORTGAGEis designed to help someone to buy a home with the financial assistance of a third party or parties with the only charge being on the property being purchased. The buyer’s income is boosted by that of the third party, for example a parent or guardian, as part of the application but without adding them to the title deeds. The third party whose name will not be on the deeds will be required to take independent legal advice. The advising solicitor must provide written confirmation that they have done so in the Society’s required format before the loan monies can be released.
Maximum loan to value available:
Fixed for 2 years from date of completion
Reverts to 1.65% discount off SVR for the next 3 years
Then reverting for the rest of the term of the mortgage to Standard Variable Rate (SVR)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Other fees
Higher lending charge:
Applicable over 80% loan to value only and is paid by the Society.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 3.49% product
Over 80% LTV Applications
Not available for the purchase or remortgage of flats
Not available to self-employed applicants
Over 85% LTV Applications
Not available for new build houses
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £177,046.00 (a loan of £176,246.00 plus a completion fee of £800.00 added to the loan) payable over 23 year s initially on a fixed rate for two years of 3.19%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89% for the remaining 18 years would require 24 monthly payments of £906.13, followed by 36 monthly payments of £997.65 and 216 monthly payments of £1,132.13.
The total amount payable would be £303,127.02 made up of the loan amount plus interest (£125,157.02), an arrangement fee (£199.00), a legal fee (£250.00) and a mortgage exit administration fee (£150.00) and valuation fee (£325.00)
The overall cost for comparison is 5.1% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
3.49%
90%
Arrangement fee: £199 Completion fee: £800 (can be added)
No
No
Joint Borrower Sole Proprietor 2 Year Discount Mortgage JBSP-RVD40
2.99% variable - Joint Borrower Sole Proprietor 2 Year Discount Mortgage - [JBSP - RVD40]
SPECIAL MORTGAGE SCHEME
With effect from 5 March 2021
Available throughout England and Wales
YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
A JOINT BORROWER SOLE PROPRIETOR MORTGAGE is designed to help someone to buy a home with the financial assistance of a third party or parties with the only charge being on the property being purchased. The buyer’s income is boosted by that of the third party, for example a parent or guardian, as part of the application but without adding them to the title deeds. The third party whose name will not be on the deeds will be required to take independent legal advice. The advising solicitor must provide written confirmation that they have done so in the Society’s required format before the loan monies can be released.
Maximum loan to value available:
2.90% discount off the Society's Basic Variable Rate for 2 years
Reverts to 1.65% discount off SVR for the next 3 years
Then reverting for the rest of the term of the mortgage to Standard Variable Rate (SVR)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
None
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Special features of 3.19% product
Over 80% LTV Applications
Not available for the purchase or remortgage of flats
Not available to self-employed applicants
Over 85% LTV Applications
Not available for new build houses
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £187,692.00 (a loan of £186,892.00 plus a completion fee of £800.00 added to the loan) payable over 16 years initially on a discounted variable rate for two years of 2.99%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89% for the remaining 11 years would require 24 monthly payments of £1,231.16, followed by 36 monthly payments of £1,334.29 and 132 monthly payments of £1,449.36.
The total amount payable would be £269,962.64 made up of the loan amount plus interest (£81,206.64), an arrangement fee (£199.00), a legal fee (£250.00), a mortgage exit administration fee (£150.00) and valuation fee (£465.00).
The overall cost for comparison is 4.8% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
2.99%
80%
Arrangement fee: £199 Completion fee: £800 (can be added)
No
Yes
Joint Borrower Sole Proprietor 2 Year Discount Mortgage JBSP-JRD4
3.19% variable - Joint Borrower Sole Proprietor 2 Year Discount Mortgage - [JBSP - JRD4]
SPECIAL MORTGAGE SCHEME
With effect from 5 March 2021
Available throughout England and Wales
YOU COULD LOSE YOUR PROPERTY IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE
A JOINT BORROWER SOLE PROPRIETOR MORTGAGE is designed to help someone to buy a home with the financial assistance of a third party or parties with the only charge being on the property being purchased. The buyer’s income is boosted by that of the third party, for example a parent or guardian, as part of the application but without adding them to the title deeds. The third party whose name will not be on the deeds will be required to take independent legal advice. The advising solicitor must provide written confirmation that they have done so in the Society’s required format before the loan monies can be released.
Maximum loan to value available:
2.70% discount off the Society's Basic Variable Rate for 2 years
Reverts to 1.65% discount off SVR for the next 3 years
Then reverting for the rest of the term of the mortgage to Standard Variable Rate (SVR)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Other fees
Higher lending charge:
Applicable over 80% loan to value only and is paid by the Society.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 3.19% product
Over 80% LTV Applications
Not available for the purchase or remortgage of flats
Not available to self-employed applicants
Over 85% LTV Applications
Not available for new build houses
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £187,692.00 (a loan of £186,892.00 plus a completion fee of £800.00 added to the loan) payable over 16 years initially on a discounted variable rate for two years of 2.99%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89% for the remaining 11 years would require 24 monthly payments of £1,231.16, followed by 36 monthly payments of £1,334.29 and 132 monthly payments of £1,449.36.
The total amount payable would be £269,962.64 made up of the loan amount plus interest (£81,206.64), an arrangement fee (£199.00), a legal fee (£250.00), a mortgage exit administration fee (£150.00) and valuation fee (£465.00).
The overall cost for comparison is 4.8% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
3.19%
90%
Arrangement fee: £199 Completion fee: £800 (can be added)
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
A GUARANTOR MORTGAGE is when a third party agrees to act as a mortgage guarantor for someone else, the third party commits to covering the mortgage repayments if the borrower fails to keep up. The guarantor will not own a share of the house, and they won’t be named on the deeds. Being a guarantor simply means signing a legal agreement to cover mortgage repayments if the actual borrower falls behind.
Maximum loan to value available:
Fixed for 5 years from completion
Reverting for the rest of the term of the mortgage to Standard Variable Rate (SVR)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
During year 1: 5% of the amount repaid early plus fees
During year 2: 4% of the amount repaid early plus fees
During year 3: 3% of the amount repaid early plus fees
During year 4: 2% of the amount repaid early plus fees
During year 5: 1% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Other fees
Higher lending charge:
Applicable over 80% loan to value only and is paid by the Society.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 3.69% product
Over 80% LTV Applications
Not available for the purchase or remortgage of flats
Not available to self-employed applicants
Over 85% LTV Applications
Not available for new build houses
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £153,437.00 (a loan of £152,637.00 plus a completion fee of £800.00 added to the loan) over 14 years initially on a fixed rate for five years of 3.49% and then on our Standard Variable Rate of 5.89% for the remaining 9 years would require 60 monthly payments of £1,155.84 followed by 108 monthly payments of £1,278.74.
The total amount payable would be £208,482.84 made up of the loan amount plus interest (£54,016.84), an arrangement fee (£199.00), a legal fee (£250.00) and a mortgage exit administration fee (£150.00) and valuation fee (£430.00)
The overall cost for comparison is 4.6% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
3.69%
90%
Arrangement fee: £199 Completion fee: £800 (can be added)
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
A GUARANTOR MORTGAGEis when a third party agrees to act as a mortgage guarantor for someone else, the third party commits to covering the mortgage repayments if the borrower fails to keep up. The guarantor will not own a share of the house, and they won’t be named on the deeds. Being a guarantor simply means signing a legal agreement to cover mortgage repayments if the actual borrower falls behind.
Maximum loan to value available:
Fixed for 2 years from completion
Reverts to 1.65% discount off SVR for the next 3 years
Then reverting for the rest of the term of the mortgage to Standard Variable Rate (SVR)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Other fees
Higher lending charge:
Applicable over 80% loan to value only and is paid by the Society.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 3.49% product
Over 80% LTV Applications
Not available for the purchase or remortgage of flats
Not available to self-employed applicants
Over 85% LTV Applications
Not available for new build houses
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £177,046.00 (a loan of £176,246.00 plus a completion fee of £800.00 added to the loan) payable over 23 years initially on a fixed rate for two years of 3.19%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89% for the remaining 18 years would require 24 monthly payments of £906.13, followed by 36 monthly payments of £997.65 and 216 monthly payments of £1,132.13.
The total amount payable would be £303,127.02 made up of the loan amount plus interest (£125,157.02), an arrangement fee (£199.00), a legal fee (£250.00) and a mortgage exit administration fee (£150.00) and valuation fee (£325.00)
The overall cost for comparison is 5.1% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
3.49%
90%
Arrangement fee: £199 Completion fee: £800 (can be added)
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
A GUARANTOR MORTGAGEis when a third party agrees to act as a mortgage guarantor for someone else, the third party commits to covering the mortgage repayments if the borrower fails to keep up. The guarantor will not own a share of the house, and they won’t be named on the deeds. Being a guarantor simply means signing a legal agreement to cover mortgage repayments if the actual borrower falls behind.
Maximum loan to value available:
2.70% off the Society's Standard Variable Rate for 2 years
Reverts to 1.65% discount off SVR for the next 3 years
Then reverting for the rest of the term of the mortgage to Standard Variable Rate (SVR)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£800 (non-refundable)
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Other fees
Higher lending charge:
Applicable over 80% loan to value only and is paid by the Society.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 3.19% product
Over 80% LTV Applications
Not available for the purchase or remortgage of flats
Not available to self-employed applicants
Over 85% LTV Applications
Not available for new build houses
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £187,692.00 (a loan of £186,892.00 plus a completion fee of £800.00 added to the loan) payable over 16 years initially on a discounted variable rate for two years of 2.99%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89% for the remaining 11 years would require 24 monthly payments of £1,231.16, followed by 36 monthly payments of £1,334.29 and 132 monthly payments of £1,449.36.
The total amount payable would be £269,962.64 made up of the loan amount plus interest (£81,206.64), an arrangement fee (£199.00), a legal fee (£250.00), a mortgage exit administration fee (£150.00) and valuation fee (£465.00).
The overall cost for comparison is 4.8% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
3.19%
90%
Arrangement fee: £199 Completion fee: £800 (can be added)
No
No
2 Year Discount Mortgage Intermediary only 2YD-RVD52
0.99% variable - 2 Year Discount Mortgage Intermediary only - [2YD - RVD52]
SPECIAL MORTGAGE SCHEME
With effect from 19 May 2021
Available throughout England and Wales
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Maximum loan to value available:
4.90% off the Society's Standard Variable Rate for 2 years
Reverts to 1.65% discount off SVR for the next 3 years
Then reverting for the rest of the term of the mortgage to Standard Variable Rate (SVR)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£199 (non-refundable)
Completion fee:
£500 (non-refundable)
Property assessment fee:
Free where the price or value of the property is £1million or less.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Property assessment fee payable on prices or values of more than £1million (non-refundable after property assessment carried out for the Society):
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£1,000,000
Free
Free
£1,500,000
£310
£310
£2,000,000
£510
£510
£2,500,000
£890
£890
£3,000,000
£1,290
£1,290
£3,500,000
£1,690
£1,690
£4,000,000
£2,090
£2,090
£4,500,000
£2,490
£2,490
£5,000,000
£2,890
£2,890
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 0.99% product
Not available to self-employed applicants
Only available on a Capital and Interest basis
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £212,200.00 (a loan of £211,700.00 plus a completion fee of £500.00 added to the loan) payable over 20 years initially on a discounted variable rate for two years of 0.99%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89%for the remaining 15 years would require 24 monthly payments of £974.95, followed by 36 monthly payments of £1,277.75 and 180 monthly payments of£1,424.18.
The total amount payable would be £326,348.82, made up of the loan amount plus interest (£113,549.82), an arrangement fee (£199.00), a legal fee (£250.00), a mortgage exit administration fee (£150.00).
The overall cost for comparison is 4.5% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
0.99%
65%
Arrangement fee: £199 Completion fee: £500 (can be added)
Free where the price or the value of the property is £1million or less
No
2 Year Fixed Rate Mortgage Intermediary only 2YF-RVF116
1.25% fixed - 2 Year Fixed Rate Mortgage Intermediary only - [2YF - RVF116]
SPECIAL MORTGAGE SCHEME
With effect from 2 June 2021
Available throughout England and Wales
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Maximum loan to value available:
Fixed for 2 years from date of completion
Reverts to 1.65% discount off SVR for the next 3 years
Then reverting for the rest of the term of the mortgage to Standard Variable Rate (SVR)
(please see "Fees notes" below for further details of these fees and when they are payable)
Arrangement fee:
£125 (non-refundable)
Completion fee:
Free
Property assessment fee:
Scale fee applies - see table below.
Mortgage exit admin fee:
£150 (non-refundable)
Early repayment charge:
Early repayment charge payable as follows: During years 1 & 2: 2% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Fees notes
Arrangement fee:
Must be paid at the time of submitting mortgage application and will be debited only after passing an initial assessment.
Completion fee:
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Property assessment fee:
Please see the table below for details of the applicable fee:
Purchase price or value (Not exceeding)
Purchase application (Property assessment fee)
Remortgage application (Property assessment fee)
£100,000
£185
-
£150,000
£210
-
£200,000
£245
-
£300,000
£295
-
£400,000
£325
-
£500,000
£430
-
£600,000
£465
-
£700,000
£535
-
£800,000
£595
-
£900,000
£655
-
£1,000,000
£725
-
£1,500,000
£1,035
£1,035
£2,000,000
£1,235
£1,235
£2,500,000
£1,615
£1,615
£3,000,000
£2,015
£2,015
£3,500,000
£2,415
£2,415
£4,000,000
£2,815
£2,815
£4,500,000
£3,215
£3,215
£5,000,000
£3,615
£3,615
For a price or value exceeding £5 million, please contact the Society for further details.
If a property assessment fee is payable, this must be paid at the time of submitting a mortgage application.
All fees shown represent the cost of the property assessment to the Society plus an administration fee of £35 to cover the Society’s own costs of arranging the property assessment and assessing the report when it is received.
Mortgage exit administration fee:
Payable on redemption of mortgage.
Early repayment charge:
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable on any amount that you repay in excess of the monthly payment due on the mortgage.
Overpayments:
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Special features of 1.25% product
Not available to self-employed applicants
Only available on a Capital and Interest repayment basis
Standard features of all Hinckley & Rugby Special Mortgage Schemes
Available on properties in England and Wales
Available for house purchase or remortgages. Additional borrowing is available for existing mortgages
Interest-Only mortgages (up to 60% LTV only) – a Capital Repayment Strategy in the form of equity in a second property owned by the applicants in England or Wales, must be in place for Interest-Only mortgages
Buy to Let properties with adequate equity that is held in a limited company, where the only shareholders are the residential borrower applicants, is an acceptable repayment vehicle
Sale of applicants’ residential security will be considered in the specific circumstance of the property value being £400,000 minimum, LTV being 50% or lower and subject to a review of the credibility of downsizing in the local area
Minimum loan £100,000 (existing members £50,000)
Minimum term 5 years
Normal maximum term 40 years, depending on age limits
Interest calculated on a daily basis
Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
No tied insurances
Minimum age for applicants 18
Portable up to the existing mortgage balance
Tariff of charges during the life of any mortgage available on request
For remortgages, the property must have been owned by the applicants for a minimum of 6 months
Cashback for remortgages
£250 cashback paid to your nominated bank account within one month of the completion of your mortgage
Representative example
A mortgage of £211,700.00 payable over 20 years initially on a fixed rate for two years of 1.25%, then on a discounted variable rate of 4.24% for the next three years and then on our Standard Variable Rate of 5.89% for the remaining 15 years would require 24 monthly payments of £997.39, followed by 36 monthly payments of £1277.82 and 180 monthly payments of £1424.26.
The total amount payable would be £327,259.92 made up of the loan amount plus interest (£114,604.92), an arrangement fee (£125.00), a legal fee (£250.00), a mortgage exit administration fee (£150.00) and valuation fee (£430.00) .
The overall cost for comparison is 4.6% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
1.25%
65%
Arrangement fee: £125 Completion fee: None
No
No
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SPECIAL MORTGAGE SCHEME
SPECIAL MORTGAGE SCHEME
SPECIAL MORTGAGE SCHEME
SPECIAL MORTGAGE SCHEME
SPECIAL MORTGAGE SCHEME