Hinckley & Rugby for Intermediaries has slashed rates on two of its buy-to-let products.
The lender’s 2-year fixed rate at 75% LTV has been cut from 5.65% to 5.55%. And its 5-year fixed rate at 75% LTV, available until 31st December 2030, has also been reduced from 5.72% to 5.64%.
Both products include a non-refundable product fee of £1,249.
The rate reductions are designed to support brokers working with landlord clients who want certainty on repayments, whether for shorter-term planning or longer-term stability.
Alongside these changes, the lowest rate in the buy-to-let range is currently 4.89% (variable). This will reduce further to 4.74% from 1st October in line with adjustments to the Society’s LVR.
Mortgage Soup revealed yesterday how the lender also widened access to its residential and buy-to-let ranges by opening them up to the whole of the market in Scotland.
COMPETITIVE OPTIONS
Laura Sneddon (main picture), head of mortgage sales and distribution at Hinckley & Rugby for Intermediaries, said: “It is important brokers and their landlord clients have access to competitive options that reflect their current requirements.
“That is why we have reduced rates across both our 2- and 5-year fixes within our buy-to-let range.
“Many landlords are carefully managing costs and weighing up whether to take short-term flexibility or opt for longer-term stability.
“By reducing our pricing, we are aiming to make those choices easier. It is about ensuring our products remain competitive while also supporting landlords in running their portfolios sustainably.”
