The mutual has boosted the advance limit on 90 per cent LTV mortgages for residential house purchase and remortgages by £75,000 and will now lend up to £275,000.
At up to 85 per cent LTV the limit is now £300,000, a rise of £100,000. At 80 per cent LTV the new limit is £350,000 (up from £240,000). £100,000 has also been added to the limits at 75 per cent LTV, which is now £400,000, and 70 per cent LTV, now £450,000.
Available to direct customers and introducers, the new limits are designed to broaden the appeal of the Society’s competitive mortgages by welcoming in a wider price range of properties.
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.”
Details of the Society's mortgage range are available on Hinckley and Rugby’s website www.hrbs.co.uk or by calling 0800 434 6343 or from a branch.
