Alongside reductions in rates for its residential products, the lender has introduced lower rates on its buy-to-let retention products - with five-year fixed rates reduced by up to 0.10% and rates now starting from 5.39% up to 75% LTV.
For limited company borrowers, five-year fixed rates have been reduced by 0.06% with rates starting from 5.79% up to 70% LTV.
Laura Sneddon, head of mortgage sales & distribution at Hinckley & Rugby for Intermediaries, commented:
“We’ve listened closely to what brokers have been telling us, and these changes are a direct result of that feedback. The application fee on our core range has consistently been raised as a barrier, so we’ve removed it. At the same time, we’ve cut rates across more than 30 products and introduced practical criteria enhancements that reflect the real-life cases brokers are dealing with.
Whether it’s using retained profit, supporting later life borrowers, or increasing flexibility on interest-only lending, we’re committed to making it easier for brokers to place business. These changes aren’t just about pricing, they’re about being more accessible and responsive to the needs of the intermediary market.”
