The products include a two-year discount at 5.59% variable – 1.3% below the Homeowner Variable Rate (HVR) – with two- and five-year fixed rates priced at 6.5%.
The Income Flex products are intended for those with more complex or varied income profiles that need manual underwriting and affordability flexibility. They are suitable for higher-LTV borrowers, such as first-time buyers.
Alongside the introduction of the Income Flex products, the firm has introduced a new limited company buy-to-let (BTL) product. It is a two-year discount priced at 5.4% – 1.49% below the HVR – and available up to 70% LTV, accompanied by a £999 completion fee and a £250 application fee.
This offering is designed for brokers whose landlord clients desire competitive pricing and short-term flexibility within a company framework.
Additionally, Hinckley & Rugby for Intermediaries has added term extensions across multiple core ranges and announced a rate reduction of up to 25 basis points on the Income Flex five-year product at 80% fixed at 5.69%.
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Laura Sneddon (pictured), head of mortgage sales and distribution at Hinckley & Rugby for Intermediaries, said: “At the start of the year, brokers are already dealing with a broad spread of client needs, from higher-LTV purchasers seeking to meet and match affordability to landlords reassessing how they structure borrowing in the near-term. Product design has to reflect that reality rather than force cases into rigid categories.
“By introducing Income Flex up to 95% LTV, repricing selected five-year fixed products, and extending product end dates, we are giving brokers clear, workable options they can rely on when structuring cases in the current market.”
Towards the end of last year, the firm made changes to its core and joint borrower sole proprietor (JBSP) mortgages.
