Hinckley & Rugby for Intermediaries has launched a visa buy-to-let (BTL) mortgage range, offering rates from 5.79%, alongside an expansion of its visa lending criteria for both residential and BTL propositions.
The range was designed to help skilled professionals, entrepreneurs, and investors on visas to purchase or refinance property in the UK.
The range includes a 2-year discount buy-to-let at 75% loan-to-value (LTV) with a rate of 5.79%, a 2-year fixed buy-to-let at 75% LTV with a rate of 6.10%, and a 5-year fixed buy-to-let at 75% LTV with a rate of 5.99%.
The products offer interest coverage ratio (ICR) calculations of 125% for basic rate taxpayers and 145% for higher and additional rate taxpayers.
All products are for both purchase and remortgage with loan sizes ranging from £100,000 to £1.5m.
While the products boast no minimum UK residency requirement, the society has also expanded its visa eligibility to include Global Talent and Ancestry visa holders.
Laura Sneddon (pictured), head of mortgage sales and distribution at Hinckley & Rugby, said: “At Hinckley & Rugby, we understand the growing demand for tailored mortgage solutions among professionals relocating to the UK.
“By expanding our visa lending criteria and launching our new Visa Buy-to-Let range, we are making it easier for brokers to place cases and support clients looking to invest in the UK property market.”
She added: “Brokers have been instrumental in shaping this offering through our Voice of the Broker forums, and we are proud to deliver solutions that directly address their requirements.”
