Hinckley & Rugby for Intermediaries has cut mortgage rates by up to 0.23% across its whole product range, including core, fixed, income flex, credit flex and flex plus products.
All reductions are effective immediately and the changes are aimed at giving brokers more flexibility for clients with non-standard income, past credit issues or complex affordability needs, as well as those looking for mainstream options.
The main changes include a 5-year fix at 80% loan-to-value (LTV) down 0.23% to 5.39% and a 5-year fix at 90% LTV down 0.18% to 5.64%.
These are aimed at borrowers wanting certainty, such as first-time buyers and home movers.
The income flex range, designed for those with varied or multiple incomes, now includes a 2-year fix at 80% LTV cut by 0.21% to 5.89% and a 5-year fix at 80% LTV down 0.16% to 5.69%.
Credit flex, for borrowers with historic credit problems, has a 2-year fix at 80% LTV down 0.11% to 5.99% and a 5-year fix at 80% LTV down 0.10% to 5.79%.
Flex plus, for complex affordability or specialist cases, has a 2-year fix at 80% LTV down 0.10% to 6.15% and a 5-year fix at 80% LTV down 0.23% to 6.22%.
Additionally, rates on the full retention range have also been reduced by up to 0.25% to support existing borrowers reaching the end of their fixed terms.
Laura Sneddon (pictured), head of mortgage sales & distribution at Hinckley & Rugby for Intermediaries, said: “Our latest rate changes are designed to give brokers competitive solutions in areas of the market where flexibility is vital.
“Whether it’s non-standard income, credit complexity or long-term affordability, these products offer strong options for clients who may struggle to access mainstream deals.
“By reducing rates across a range of specialist and core products, we’re giving brokers more room to manoeuvre, with pricing that stays competitive while still backed by the tailored, case-by-case approach we’re known for.”
Sneddon added: “At the same time, we’re also making sure our existing borrowers are well served.
“The updates to our retention range allow brokers to support clients beyond their initial fixed term with improved value and a smoother product transfer process.”
