Hinckley & Rugby for Intermediaries has reduced rates on two of its Buy to Let products.
The lender’s two-year fixed rate at 75% loan-to-value (LTV) has been lowered from 5.65% to 5.55%. Its five-year fixed rate at 75% LTV, available until 31 December 2030, has also been cut from 5.72% to 5.64%. Both products include a non-refundable product fee of £1,249.
The lender said the changes are intended to give brokers more flexibility when working with landlord clients. The updated products are designed to offer certainty on repayments, whether borrowers want to focus on shorter-term planning or longer-term stability.
The lowest rate in the Buy to Let range currently stands at 4.89% on a variable basis. This will fall to 4.74% from 1 October, following changes to the Society’s loan-to-value ratio (LVR).
Earlier in the week, Hinckley & Rugby also widened access to its residential and Buy to Let ranges by making them available across the whole of the Scottish market.
“It is important brokers and their landlord clients have access to competitive options that reflect their current requirements,” explained Laura Sneddon, head of mortgage sales and distribution at Hinckley & Rugby for Intermediaries (pictured). “That is why we have reduced rates across both our two- and five-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.”
