Hinckley & Rugby for Intermediaries has announced immediate rate cuts across its entire mortgage range, effective from 30 January, with reductions of between 0.20% and 0.30% on selected products, including its two year discount range.
The changes are targeted to support brokers in a highly competitive market, where pricing remains critical and affordability pressures continue for many borrowers.
The move keeps the mutual commercially aligned with the wider market and reinforces its ongoing commitment to strengthening broker relationships.
Among the highlights, Hinckley & Rugby has reduced its two year discount product at 80% LTV from 4.80% to 4.50%, representing a reduction of 0.30%, the largest cut across the core range.
In buy to let, the two year fixed product rate at 75% LTV has been cut from 5.55% to 5.35%, a drop of 0.20% and the two year discount Income Flex product at 80% LTV has seen its rate reduced from 4.94% to 4.74%, a cut of 0.20%.
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% LTV. Together, these changes show our clear focus on backing brokers with both flexible criteria and competitive rates.”
Hinckley & Rugby offers a wide range of specialist mortgage products for intermediaries, including support for complex income, self-employed borrowers, first time buyers, buy to let, joint borrower sole proprietor and its Income Flex proposition, giving brokers more options where standard lending does not meet client needs.
