Hinckley & Rugby Building Society has increased its maximum mortgage advance across a range of LTVs, including at up to 90%.
The mutual has boosted the advance limit on 90% LTV mortgages for residential house purchase and remortgages by £75,000 and will now lend up to £275,000.
At up to 85% LTV the limit is now £300,000, a rise of £100,000. At 80% LTV the new limit is £350,000 (up from £240,000). £100,000 has also been added to the limits at 75% LTV, which is now £400,000, and 70% LTV, now £450,000.
Although available for remortgages, the new thresholds will only apply where it is a straight replacement or for documented home improvements and not debt consolidation.
Hinckley & Rugby business development manager Carolyn Thornley-Yates said: “By raising the advance limits at several value thresholds we hope many more customers will be able to access our great mortgage products and outstanding customer service.”
