Hinckley & Rugby for Intermediaries has cut mortgage rates by up to 0.35% across its product range and made criteria changes to help brokers place more complex cases.
More than 30 products were reduced including the Income Flex range for clients with non-standard income and Credit Flex for those with historical credit issues but a strong repayment record.
Core residential 2-year and 5-year fixed rates dropped by up to 0.35%, now starting from 5.55% to 90% loan-to-value (LTV).
Retention fixed rates fell by up to 0.16%, from 5.07% to 90% LTV.
Credit Flex fixed rates reduced by up to 0.35%, now starting from 5.89% up to 80% LTV.
Income Flex fixed rates dropped by up to 0.31%, now starting from 5.85% to 90% LTV.
Meanwhile, buy-to-let (BTL) retention 5-year fixed rates fell by up to 0.10%, starting from 5.39% to 75% LTV.
Visa fixed rates dropped by up to 0.16%, starting from 5.89% up to 90% LTV.
Limited company 5-year fixed rates fell by 0.06%, starting from 5.79% up to 70% LTV.
The lender also removed the £199 application fee from its fixed core residential products after feedback from brokers.
Criteria changes include accepting retained profit on Income Flex for limited company directors, and expanded repayment options for interest-only mortgages, such as pension lump sums and stocks and shares ISAs.
The changes support cases like self-employed clients using retained profit, those with variable income, and borrowers using family support or concessionary arrangements.
They also cover capital raising, debt consolidation, higher income multiples, and interest-only lending in later life.
Laura Sneddon (pictured), head of mortgage sales & distribution at Hinckley & Rugby for Intermediaries, said: “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.”
Sneddon added: “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.”
