Hinckley & Rugby Building Society. 

About Hinckley & Rugby Building Society

Hinckley and Rugby Building Society was formed in 1983 by the merger of Hinckley Permanent Building Society, which was founded in 1865 and Rugby Provident Building Society which was established in 1861. They have 11 branches and 6 agencies and are members of the building societies association. Their FSA number is 206043.

Hinckley & Rugby Building Society Information  

Head Office – Hinckley and Rugby Building Society, Upper Bond Street, Hinckley, Leicestershire, LE10 1DG. Tel: 01455 251234.

Branch Offices –

2 West End, Barlestone, Warwickshire CV13 OEJ

1a Green Road, Broughton Astley, Leicestershire LE9 6RA

3a Marlborough Square, Coalville, Leicestershire LE67 3WD

2 Cosby Road, Countesthorpe, Leicestershire LE8 5PD

48 Hertford Street, Coventry, West Midlands CV1 1LF

37 Castle Street, Hinckley, Leicestershire LE10 1DA

4 High Street, Lutterworth, Leicestershire LE17 4AD

10 Newdegate Street, Nuneaton, Warwickshire CV11 4EL

34 North Street, Rugby, Warwickshire CV21 2AJ

28 Blaby Road, South Wigston, Leicestershire LE18 4SB

Building Society Products

Savings Accounts – Savings Accounts include Fixed Rate Bonds, Easy Access Savings Accounts, Notice Accounts, Over 50s Savings Accounts, ISA Tax Free Savings Accounts, Postal Accounts, Affinity Accounts and Children Accounts.

Mortgage Accounts – Mortgages include Tracker Mortgages, Discount Mortgages, Flexible Mortgages, Fee Free Mortgages, Offset Mortgages, Fixed Rate Mortgages and Standard Variable Rate Mortgages.

Insurance – N/A

For the year the they made a profit after tax of £164,00(£280,000).

Mortgage Lending – Mortgage applications net of cancellations totalled £48 million during the year, up from £29 million the previous year. Not all of these applications led to mortgage advances in the year but the pipeline of business carried forward at the year-end totalled £15 million as against just £2 million last year. £34.6 million was advanced on first mortgages of freehold and leasehold premises during 2010 (2009 £32.5 million). Loans and advances to customers at the end of the year totalled £429.4 million (2009 £478.2 million). At 30th November, 2010, there was only 1 case in which borrowers were in arrears with their repayments for 12 months or more (2009 1 case). The total amount outstanding on this account was £44,827 (2009 £45,431) including arrears of £2,509 (2009 £3,100).

Savings – The balances held by shareholders and depositors reduced during the year by £57.5 million (2009 reduced by £51.4 million). Their combined balances at 30th November, 2010, amounted to £542.7 million (2009 £600.2 million).

Hinckley & Rugby Building Society Directors