Hinckley & Rugby for Intermediaries has reduced mortgage rates across its range, cutting selected products by up to 0.30% with immediate effect.

The mutual confirmed that the changes apply from 30 January and include reductions of between 0.20% and 0.30%, covering its full mortgage range, including two-year discount products.

The move comes as lenders continue to compete aggressively on price, with affordability pressures still shaping borrower demand. Hinckley & Rugby said the latest adjustments are intended to help brokers place cases in a market where pricing remains a decisive factor.

By lowering rates, the society said it remains commercially aligned with the wider market while reinforcing its commitment to supporting intermediary partners.

Within the core residential range, the two-year discount product at 80% loan to value has been reduced from 4.80% to 4.50%, marking a cut of 0.30% and the largest reduction announced.

In the buy-to-let range, the two-year fixed rate at 75% loan to value has fallen from 5.55% to 5.35%, a reduction of 0.20%. The two-year discount Income Flex product at 80% loan to value has also been reduced by 0.20%, moving from 4.94% to 4.74%.

Laura Sneddon, head of sales and distribution at Hinckley & Rugby for Intermediaries, said: “Brokers and their customers are operating in a very competitive market, and it is important that we continue to respond quickly to changes in pricing and demand.

“These latest rate cuts are about supporting brokers placing cases today, and they follow closely on the heels of our recent move to increase Income Flex lending to 95% loan to value.

“Together, these changes show our clear focus on backing brokers with both flexible criteria and competitive rates.”