Hinckley & Rugby for Intermediaries has refreshed its core residential and joint borrower sole proprietor (JBSP) range with new two- and five-year fixed-rate mortgages and updated discounted options of up to 95% loan-to-value (LTV).
The changes include reductions of up to 179 basis points, aimed at broadening choice for brokers working with clients who have smaller deposits, particularly first-time buyers and families buying together.
Among the new options are two-year discount rates at 5.10% up to 90% LTV and 5.39% up to 95% LTV. The society has also launched a two-year fixed rate at 6.25% up to 95% LTV, and a five-year fixed at 6.10% up to 95% LTV, which runs until the end of January 2031.
All products come with no application fee, a £800 completion fee, £250 cashback, and an annual overpayment allowance of up to 10%.
The move follows a series of recent pricing changes by the society, including buy-to-let rate reductions in September and a decrease in its Hinckley variable rate 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.”
She added that the updated range also reflects the growing demand for joint borrower sole proprietor lending. “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.”
