Hinckley & Rugby has announced that it has reduced buy-to-let rates as part of wider cuts across its mortgage range, aiming to help brokers in a competitive market.
The mutual has cut its two-year fixed BTL rate at 75% LTV from 5.55% to 5.35%, while the two-year discount Income Flex product at 80% LTV has fallen from 4.94% to 4.74%, both reductions of 0.20%.
These moves are part of a broader set of reductions across the mortgage range, effective from 30 January, with selected products seeing cuts of up to 0.30%. Among the highlights, the two-year discount product at 80% LTV has dropped from 4.80% to 4.50%, the largest reduction across the core range.
Laura Sneddon, head of sales and distribution at Hinckley & Rugby for Intermediaries (pictured), 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% LTV. Together, these changes show our clear focus on backing brokers with both flexible criteria and competitive rates.”
The reductions aim to keep the mutual commercially aligned with the wider market while reinforcing its commitment to strengthening broker relationships.
