Hinckley & Rugby for Intermediaries has enhanced its flexible mortgage range, cutting selected rates by up to 0.30% and launching new fixed-rate options.
Income Flex changes include a new 2-year fixed rate of 6.55% at 95% loan-to-value (LTV) and 5-year fixed rate at 80% LTV, reduced by 0.30% to 5.55%, and at 90% LTV by 0.30% to 5.69%.
Flex Together changes include a new 5-year fixed rate of 5.29% at 80% LTV and a 5-year fixed rate reduced at 95% LTV to 5.69%.
Visa Mortgages, for those with a Skilled Worker Visa or Health & Care Worker Visa, have changed to incorporate a new 5-year fixed rate of 5.59% at 80% LTV and 5-year fixed rate reduced at 90% LTV by 0.20%, to 5.79%.
All products have a £199 application fee and £800 completion fee.
Chris Holmes, senior product and proposition manager at Hinckley & Rugby for Intermediaries, said: “Our Income Flex and Flex Together products are designed to help borrowers ‘flex’ their income to meet affordability challenges, whether they are buying their first home or wanting to move up the housing ladder.
“Hinckley & Rugby recently introduced a 95% LTV tier on our Income Flex product.
“By now offering a two-year fixed rate option at this LTV, we are giving more choice to borrowers with relatively small deposits, which will include many first-time buyers.
“Hinckley & Rugby has also enhanced its Visa Mortgage for overseas nationals with a Skilled Worker or Health and Care Worker Visa.
“This does not impose minimum restrictions on income, time in the UK, or time left on the visa.”
