Hinckley & Rugby for Intermediaries has launched new 80% loan-to-value buy-to-let products and cut pricing on a limited-company mortgage.
The lender has introduced a range of two-year discounted products for landlord borrowers looking to buy or refinance, with rates starting from 4.99%.
Hinckley & Rugby said the higher LTV options would give brokers access to mortgage solutions in an area of the market where product choice has historically been more limited, particularly for landlords using limited-company structures.
The society has also reduced the rate on its limited-company buy-to-let two-year discounted product at 70% LTV by 0.4%, from 5.40% to 5%.
The product comes with a £1,249 fee.
Hinckley & Rugby said the changes were designed to support brokers working with a broad range of landlord clients, including those seeking shorter-term flexibility at a time when the path for interest rates remains uncertain.
Laura Sneddon (pictured), head of mortgage sales and distribution at Hinckley & Rugby for Intermediaries, said: “Five-year fixed-rates have been the default for many landlords for a reason, particularly from an affordability and rental coverage perspective, but that doesn’t always reflect how clients are thinking in the current market.
“What we are seeing more often now is brokers weighing up that trade-off more carefully. While fixed-rates can work well from that point of view, not every landlord wants to lock in at today’s pricing.
“That is especially the case in a market where the Bank of England has held the base rate and the direction of travel is still unclear. It leaves brokers and their clients trying to balance affordability with flexibility, rather than committing too early.
“That is where discounted products start to come back into the conversation. They are not always the easiest to place, but they can offer a level of flexibility that some clients are actively looking for.
“By introducing 80% LTV options and adjusting pricing across the range, we are giving brokers more scope to structure cases around those real conversations, rather than relying on a single approach.”
