Hinckley & Rugby boosts maximum loan sizes across mortgage range.

Hinckley & Rugby boosts maximum loan sizes across mortgage range.
Hinckley & Rugby Building Society has increased its maximum mortgage advance across a range of LTVs, including at up to 90 per cent.
The mutual lender 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 via mortgage 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 £ for £ replacement or for documented home improvements, but not debt consolidation.