Hinckley & Rugby for Intermediaries has announced updates to its core residential and Joint Borrower Sole Proprietor (JBSP) range, introducing new 2- and 5-year fixed-rate products alongside refreshed discounted options of up to 95% loan-to-value (LTV).
The revised range offers rate reductions of up to 1.79% and is designed to give brokers more flexibility when supporting clients with smaller deposits, including first-time buyers and families purchasing together.
The new options include 2-year discounted rates of 5.10% up to 90% LTV and 5.39% up to 95% LTV, a 2-year fixed rate of 6.25% up to 95% LTV, and a 5-year fixed rate of 6.10% up to 95% LTV, fixed until 31 January 2031.
Each product comes with no application fee, an £800 completion fee, £250 cashback, and a 10% annual overpayment allowance.
This product refresh follows the society’s buy-to-let rate reductions in September and its HVR decrease earlier this month.
Laura Sneddon, head of mortgage sales and distribution at Hinckley & Rugby for Intermediaries, said: “Affordability remains one of the biggest challenges for brokers and their clients, and that’s exactly where products like these make a difference.
“Our new two- and five-year fixed options, alongside refreshed discounted rates of up to 179 basis points, are designed to give brokers more flexibility when structuring cases across higher LTV bands.
“What we’re seeing more often is that clients don’t always fit traditional profiles. Whether it’s first-time buyers combining incomes, families helping each other, or more complex financial arrangements, JBSP continues to prove its value as a practical solution. It gives borrowers the framework to buy together, while keeping ownership simple and clear.
“By updating our high LTV residential product suite, we’re making sure brokers have the right tools to support those real-life scenarios.”
