It was in 1983 that the Hinckley and Rugby Building Society was launched following a merger of the Hinckley Permanent Building Society (formed in 1865) and the Rugby Provident Building Society (formed in 1861).

The society ranks as one of the top 20 societies in the UK and it assets amount to nearly £600 million.

The Hinckley and Rugby Building Society has 11 branches – Barlestone; Broughton Astley, Coalville, Countesthorpe; Coventry; Lutterworth; Nuneaton; Rugby; South Wigston and of course Hinckley. They also have a total of four agencies.

Getting the correct mortgage for your own personal needs is a rather complicated and time consuming task and that’s why Hinckley and Rugby Building Society have attempted to make their products as uncomplicated and easy to follow as is possible.

The mortgages that Hinckley and Rugby Building Society offers are tracker mortgages, discount mortgages, fee free mortgages, flexible mortgages, offset mortgages, capped rate mortgages, fixed rate mortgages, buy to let mortgages and standard variable mortgages.

Tracker mortgages – lifetime

• 75% maximum LTV (loan to value)
• Interest rate 3.49% variable
• Tracks at 2.99% above the Bank of England Base Rate
• Will not go below a floor of 3.49%
• The maximum amount of loan is £300,000
• There is an early repayment charge of 2% of the amount repaid early plus fees during the first and second years
• A non refundable arrangement fee of £395 needs to be settled when presenting the mortgage application

Discount mortgages available from the Hinckley and Rugby Building Society range from a 2-year discount mortgage, lifetime discount mortgage to fee free discount mortgages. Below is an example of a 2-year discount mortgage with a LTV of 80% and a fee free mortgage with a LTV of 75%.

• 80% maximum LTV (loan to value)
• Interest rate 2.99% variable –discount of 2.65% off the Hinckley and Rugby Building Society’s standard variable rate for 2 years
• The maximum amount of loan is £240,000

Fee free mortgage

• 75% maximum LTV (loan to value)
• Current interest rate 3.49% variable – discount of 2.15% off the Hinckley and Rugby Building Society’s standard variable rate for the life of the mortgage
• The maximum amount of loan is £300,000

Flexible mortgages and offset mortgages available from the Hinckley and Rugby Building Society include lifetime discount mortgages, fee free discount mortgages, exclusive fee free mortgages and lifetime tracker mortgages. Below is an example of a lifetime discount mortgage with a LTV of 75%.

• 75% maximum LTV (loan to value)
• Current interest rate 3.29% variable –discount of 2.35% off the Hinckley and Rugby Building Society’s standard variable rate for the life of the mortgage
• The maximum amount of loan is £300,000

The Hinckley and Rugby Building Society’s fixed rate mortgage is for a term of 5 years.

• Fixed rate for 5 years
• 80% maximum LTV (loan to value)
• Current interest rate 3.95% until the 30 April 2017
• The rate reverts to the Hinckley and Rugby Building Society’s standard variable rate of interest which currently is 5.64%
• The maximum amount of loan is £240,000

Below is an example of the Hinckley and Rugby Building Society’s Buy to let mortgage.

• 60% maximum LTV (loan to value)
• Current interest rate 3.54% variable- discount of 2.10% off the Hinckley and Rugby Building Society’s Buy to Let Basic variable rate for two years
• The maximum amount of loan is £300,000

Other mortgages are available from the Hinckley and Rugby Building Society and there is something to suit everyone.