Hinckley & Rugby issues new cashback mortgage product

Hinckley & Rugby Building Society has announced the introduction of a new residential product that features £500 cashback.

The product is a two-year fix at 90 per cent LTV at 2.55 per cent, and other features include an application fee of £199 and zero fee on completion.

The building society adds that applicants are considered without credit scoring.

Hinckley & Rugby head of sales and marketing Carolyn Thornley-Yates says: “Whether it’s to pay for removal costs or to finance a start on decorating a house to make it your home, buyers will always find a good use for £500 when they move in.

“Our borrowers are free to do whatever they want with the money. They also have the certainty of what their monthly repayments will be for two years, this new cashback mortgage should particularly appeal to first-time buyers after they’ve paid their deposit.”


Hinckley & Rugby trims fixed rates

Hinckley & Rugby Building Society has cut the rates by 0.40 per cent on its two-year fixed mortgage at up to 95 per cent LTV. The rate is now 3.45 per cent, while selected brokers in the lender’s Privileged Partners club can access rates of 3.29 per cent. The lender has also cut rates on […]

Mark Bullard NatWest 2014

NatWest makes rate changes to resi and BTL deals

NatWest Intermediary Solutions has made rate changes to its core and semi-exclusive residential and buy-to-let mortgage products which will be effective from tomorrow (Wednesday 16 January). The rate changes include rate decreases of up to 21bps on selected five-year high value remortgage deals; rate decreases of up to 50bps on selected two-year remortgage deals; and rate […]

Bridging is no longer a dirty word

It’s not that long ago that short-term finance, or, perhaps more specifically, bridging finance were viewed as dirty words by mortgage brokers. The rates on offer were punishing, meaning there were only a handful of situations where it would be appropriate to arrange one. Some lenders didn’t exactly uphold great reputations for service standards either; […]


News and expert analysis straight to your inbox

Sign up