Hinckley and Rugby Building Society was created in 1983 as a result of a merger between Hinckley Permanent Building Society and Rugby Provident Building Society both of which can trace their roots back to the mid nineteenth century. It is an independent and mutual organisation, and is committed to remain as such. It has£630 million in total assets, over 80,000 investors and in excess of 9,000 borrowers. Hinckley and Rugby have 12 branches and 5 agencies and have presence in most of the larger towns and cities of the East Midlands.

Hinckley and Rugby Building Society mortgage products are available only in England and Wales. It offers:

Flexible Mortgage
Flexible Offset
Standard Variable Rate

Flexible Mortgage: your rate is variable and it will be set above the Bank of England base rate for no more than 0.95% higher for the whole mortgage term. If the Bank of England base rate changes then your rate will change within a month.

Interest is calculated daily
There is no early repayment charge
This product is flexible, you can make overpayments and you can take payment holidays
Additional borrowing will be considered
There is no arrangement or application fee
There is no higher lending fee
The loan should not exceed 80% LTV
There is a free standard admin fee for re-mortgages
Applicants must be over 23 years old
This product is portable

Flexible Offset: your rate is variable and it will be set above the Bank of England base rate for no more than 0.95% higher for the whole mortgage term. If the Bank of England base rate changes then your rate will change within a month.

Interest is calculated daily
There is no early repayment charge
This product has an offset option you can offset your savings and current account against your mortgage balance so that you only make repayments on the difference
This product is flexible, you can make overpayments and you can take payment holidays
Additional borrowing will be considered
There is no arrangement or application fee
There is no higher lending charge
The loan should not exceed 95% LTV
There is a free standard admin fee for re-mortgages
Applicants must be over 23 years old
This product is portable

Standard Variable Rate: your rate is set at the Society’s standard variable rate for the whole mortgage term.

Interest is calculated annually
There is no early repayment charge
There is no arrangement or application fee
For advances over 80% LTV a higher lending charge may apply
The loan should not exceed 95% LTV
There is a free standard admin fee for re-mortgages
Applicants must be over 18 years old
This product is portable

Hinckley and Rugby Building Society also offer a Flexible Tracker mortgage product:

Flexible Tracker: your rate is set 0.45% above the Bank of England base rate for the whole mortgage period. If the Bank of England base rate changes then your rate will change within a month.

Interest is calculated daily
There is no early repayment charge
This product has an offset option, you can offset your savings and current account against your mortgage balance so that you only make repayments on the difference
This product is flexible, you can make overpayments and you can take payment holidays
Additional borrowing will be considered
There is an arrangement fee
There is no higher lending charge
The loan should not exceed 95% LTV
There is a free standard admin fee for re-mortgages
Applicants must be over 23 years old
This product is portable