Hinckley & Rugby for Intermediaries has launched three new products under its Income Flex range, for borrowers who fall outside traditional income assessments.

All three products are available at up to 90% LTV and make use of the lender’s enhanced affordability calculation of up to 5.5x loan-to-income (LTI).

The latest additions include:

Five-year fix to 30 September 2030, 90% LTV at 6.00%; two-year fix, 90% LTV at 6.25%; and two-year discount (HVR -1.45%), 90% LTV at 5.59%.

These products are available to borrowers who meet the society’s Income Flex criteria, which supports applications involving multiple or non-standard income sources.

The society said the range is particularly suited to self-employed clients, including those using projections, net profit assessments, or with just one year’s accounts.

Hinckley & Rugby recently raised its maximum LTI from 4.49x to 5.5x for eligible Income Flex cases, with the aim of expanding options for borrowers with strong earnings but more complex affordability profiles.

The introduction of these new products follows earlier changes in July which saw reductions across its whole product range, including core, fixed, Income Flex, Credit Flex and Flex Plus products.

Commenting, Hinckley & Rugby head of mortgage sales and distribution Laura Sneddon said: “We know brokers often come across perfectly sound cases that don’t fit neatly into rigid criteria, and that’s exactly where Income Flex can help, especially for self-employed clients or those with irregular income.”

She added: “The introduction of these three new products gives brokers more tools to support clients at higher LTVs, with the flexibility of up to 5.5x LTI in place. We want to give brokers solutions that reflect the real lives of their clients, not just what’s easy to assess on paper.”