Hinckley & Rugby for Intermediaries has cut rates by up to 35 basis points across its entire product range, alongside a series of criteria improvements aimed at helping brokers place more complex cases.

More than 30 products have been reduced, including options within the Income Flex range for clients with non-standard income, and Credit Flex for those with historic credit issues but a strong repayment track record.

ENHANCED CRITERIA

The changes are aimed at supporting brokers placing a broader range of cases, including self-employed clients using retained profit, those with variable income such as commission or benefits, and borrowers relying on family support or purchasing through concessionary arrangements.

They also support capital raising, debt consolidation, higher income multiples, and interest-only lending in later life.

Retained profit is now accepted on Income Flex, helping limited company directors access finance.

And repayment vehicles for interest-only mortgages have been expanded to include pension lump sums and stocks and shares ISAs.

EASIER FOR BROKERS

Laura Sneddon, 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.

“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.”

PRODUCTS

• Core residential, 2- and 5-year fixed rates reduced by up to 0.35%; rates starting from 5.55% up to 90% LTV
• Retention, 2- and 5-year fixed rates reduced by up to 0.16%; rates starting from 5.07% up to 90% LTV
• Credit Flex, 2- and 5-year fixed rates reduced by up to 0.35%; rates starting from 5.89% up to 80% LTV
• Income Flex, 2- and 5-year fixed rates reduced by up to 0.31%; rates starting from 5.85% up to 90% LTV
• Buy to Let (BTL) Retention, five-year fixed rates reduced by up to 0.10%; rates starting from 5.39% up to 75% LTV
• Visa, 2- and 5-year fixed rates reduced by up to 0.16%; rates starting from 5.89% up to 90% LTV
• Limited Company, 5-year fixed rates reduced by 0.06%; rates starting from 5.79% up to 70% LTV

Hinckley & Rugby has also removed the £199 application fee from its Fixed core residential products – a change introduced following direct feedback from brokers.