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Hinckley and Rugby BS made mortgage decisions live at MAB

Michael Lloyd

October 1, 2019

Hinckley and Rugby Building Society made decisions on mortgage cases at two Mortgage Advice Bureau (MAB) events, to showcase how it works to intermediaries.

The society’s Mortgage Referrals Committee (MRC) considered seven applications at each event.

They included joint borrower sole proprietor, capital raising for a business investment, gifted equity, Retirement Interest-Only (RIO), first-time buyer buy-to-let, top slicing and newly qualified professionals.

Out of the 14 applications discussed, 10 were approved, three declined and one left undecided pending further information.

Carolyn Thornley-Yates (pictured), head of sales and marketing at Hinckley and Rugby Building Society,  said: “That ratio is typical of the daily meetings of our MRC. We always seek to approve where we can, and give applications a second chance if more insight is needed. Every case gets a detailed hearing where we look at every angle.

“We hope the performances gave MAB’s members a useful insight into how we harness all the advantages of manual underwriting and the daily attention of senior decision makers to give their niche and complex cases a great chance of success.”

Emma Hollingworth, strategic partnership director at Mortgage Advice Bureau, added: “It was fantastic to see the Hinckley & Rugby Mortgage Referrals Committee in action.

“The Summer Sizzler events are a new initiative at MAB and we were keen to bring something a little bit different to our advisers, lenders and partners.

“Being able to see in real-time how the team at Hinckley & Rugby Building & Society make decisions about customer applications is hugely valuable to our advisers.”


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