Hinckley & Rugby Building Society has announced simplifications across its product range, aimed at offering a more streamlined way for brokers and their clients to choose a Hinckley & Rugby mortgage.
The mutual will now offer Joint Borrower Sole Proprietor mortgages at rates that match that of the standard product range, and offer later life mortgages across its standard residential and buy-to-let product ranges, meaning borrowers requiring either type of mortgage will not incur a higher interest rate than Hinckley & Rugby’s standard range.
The changes come following a wholesale review of the Society’s offerings, which will also include a withdrawal of some products.
Evan Crosskey, Hinckley & Rugby Building Society’s mortgage sales & distribution senior manager, said: “We’re pleased to now offer our Joint Borrower Sole Proprietor and Later Life borrowing at standard range prices, making them more accessible and affordable to borrowers.
“By reducing the number of products available, we hope to make the mortgage selection process easier for brokers and their clients. The products being withdrawn as part of this simplification have been chosen based on their very limited take-up, so we believe that brokers still have ample choice for their borrowers’ unique and complex needs, with the added benefit of a clearer, simpler product range.”
