In 1983 Hinckley and Rugby Building Society was set up when the Hinckley Permanent Building Society (founded in 1865) and Rugby Provident Building Society (founded in 1861) were merged. 

The society has assets amounting  to almost £600 million.

Hinckley and Rugby Building Society is dedicated to supplying a wide range of mortgages to suit everyone’s requirements.  There are 11 branches and 4 agencies of Hinckley and Rugby Building Society in towns and cities of East and West Midlands.

The societies mortgage deals range from offset tracker mortgages, discount mortgages, fee free mortgages, flexible mortgages, offset mortgages, fixed rate mortgages, buy to let mortgages and standard variable rate mortgages and are obtainable all over England and Wales and have been listed continually in the ‘best buy’ charts which appear in the national press and draw attention to the deals that offer 90% loans of a properties value.

Tracker Mortgages – these follow the Bank of England Base Rate meaning that monthly payments can rise or fall. Their lifetime tracker mortgage has the following features:

• The LTV (loan to value) is a maximum of 75%
• The current variable rate payable is 3.49%
• The mortgage tracks at 2.99% above the bank of England base rate for the length of the mortgage
• The interest rate will not fall below 3.49%
• £300,000 is the maximum loan amount
• An arrangement fee which is non-refundable is payable when making the mortgage application and is £395
• There is a completion fee of £395
• There are sealing fees, mortgage exit fees and administration charges on the redemption of a mortgage which is presently £150
• Early repayment charges are 2% of the sum repaid early in the first and second year plus fees

Discount Mortgages – a discount mortgage gives you a discount off Hinckley and Rugby Building Society’s SVR (Standard Variable Rate) for a pre-arranged period of time meaning that should the Standard Variable Rate alter then so will the rate you pay with the promise that the discount will stay the same. For example a two-year discount mortgage has the following features:

• The LTV (loan to value) is a maximum of 75%
• There is a discount of 3.05% off the Hinckley and Rugby Building Society’s current variable rate for two years
• £300,000 is the maximum loan amount
• An arrangement fee which is non-refundable is payable when making the mortgage application and is £195 for a 80% LTV product or £395 for a 90% LTV product
• There are sealing fees, mortgage exit fees and administration charges on There is a completion fee of £795 for a 80% LTV product or £695 for a 90% LTV product
• The redemption of a mortgage is presently £150
• There are no early repayment charges

Fee Free Mortgage – provides you all the benefits of a Hinckley and Rugby Building Society’s mortgage but without charges payable in the lifetime of the mortgage and this includes when you make your application or finish or exchange your mortgage. An example of such a mortgage has the following features:

• The LTV (loan to value) is a maximum of 75%
• Hinckley and Rugby Building Society’s current variable rate of 3.49%
• There is a discount of 2.15% off the Hinckley and Rugby Building Society’s current variable rate for the period of the mortgage
• £300,000 is the maximum loan amount
• No fees are payable on this mortgage
• There are no arrangement charges
• There are no completion fees
• No sealing fees, mortgage exit fees and administration charges on the redemption of a mortgage
• There are no early repayment charges

Buy to let mortgages – this sort of mortgage is used by potential or existing landlords and is for buying a property that then will be put up for rental. The money from the rent usually goes as a contribution to the repayment of the mortgage and it is possible for a landlord to repay 100% of the mortgage by making use of the rental money alone.

• The LTV (loan to value) is a maximum of 75%
• Hinckley and Rugby Building Society’s current variable rate of 3.49%
• There is a discount of 2.15% off the Hinckley and Rugby Building Society’s current variable rate for the period of the mortgage
• £300,000 is the maximum loan amount
• An arrangement fee which is non-refundable is payable when making the mortgage application and is £795
• There is no completion fee
• There are sealing fees, mortgage exit fees and administration charges on the redemption of a mortgage which is presently £150
• There are no early repayment charges

Fixed Rate Mortgages – where the interest rate is fixed for a certain period of time and monthly payments do not change even if interest rates rise or fall. An example a fixed rate mortgage is as follows:

• The LTV (loan to value) is a maximum of 75%
• Hinckley and Rugby Building Society’s current variable rate of 2.59% is fixed until the 31^st January 2014
• This then changes back to 5.64% which is the Hinckley and Rugby Building Society’s standard variable rate of interest
• £300,000 is the maximum loan amount
• An arrangement fee which is non-refundable is payable when making the mortgage application and is £295
• There is no completion fee
• There are sealing fees, mortgage exit fees and administration charges on the redemption of a mortgage which is presently £150
• There is a completion fee of £ £695
• Early repayment charges are 3% of the sum repaid early in the year plus fees and 2% of the sum repaid early in the second year plus fees
• It is possible to make an early repayment of up to 10% without giving rise to early repayment charges

Offset Mortgages – these mortgages essentially combine your mortgage, savings, current account or any other borrowings such as loans, into one big flexible account, regard of it as a normal bank account but with a big overdraft ceiling. Consequently your mortgage repayments are used to bring down the outstanding amount of your overdraft that is very similar to a conventional mortgage.

Features of all the Hinckley and Rugby Building Society’s mortgage deals are:

• All mortgage deals are obtainable on properties which are in England and Wales
• The minimum amount a loan can be is £25,000
• The minimum period of time for a mortgage is 5 years
• There are free standard administration charges for remortgages
• Interest is worked out daily
• There are no linked insurances
• 23 years of age is the minimum age for an application
• On request you can see details of the tariff of charges during the term of a mortgage
• Should it be a question of remortgaging, then the property will have had to  be in ownership of the person applying for a six month minimum period

Hinckley and Rugby Building Society’s Main office address is:

Upper Bond Street, Hinckley, 
Leicestershire, LE10 1DG