Hinckley & Rugby for Intermediaries has made changes to its flexible mortgage range, cutting selected rates by up to 30bps and launching new fixed-rate options.
These changes apply to Hinckley & Rugby’s Income Flex, Flex Together and Visa products, with the society launching two-year and five-year fixed rate options at new LTV bands.
Key changes include:
Income Flex – to support those with multiple or non-standard income sources
- New two-year fixed rate of 6.55% at 95% LTV
- Five-year fixed rate reduced at 80% LTV by 30bps, to 5.55%
- Five-year fixed rate reduced at 90% LTV by 30bps, to 5.69%
Flex Together – Joint borrower/sole proprietor mortgage, for parents/grandparents to help first-time buyers onto the housing ladder
- New five-year fixed rate of 5.29% at 80% LTV
- Five-year fixed rate reduced at 95% LTV by 30bps, to 5.69%
Visa Mortgage – for those with a dkilled worker visa or health & care worker visa.
- New five-year fixed rate of 5.59% at 80% LTV
- Five-year fixed rate reduced at 90% LTV by 20bps, to 5.79%
All products have a £199 application fee and £800 completion fee.
Hinckley & Rugby senior product and proposition manager Chris Holmes commented: “At Hinckley & Rugby, we know a one-size-fits-all approach to lending fails to meet the needs of homeowners today. Most lenders want an applicant’s circumstances to fit one of their mortgages — but our range of Flex products are designed to be adaptable to meet clients’ needs.”
