This is up from 75% and the firm said it would enhance the options available to brokers who are supporting clients requiring later life lending support.
All products are available up to a maximum age of 85.
Laura Sneddon (pictured), head of sales and distribution at Hinckley & Rugby Building Society, said: “Demand for lending into later life is growing significantly, and raising our maximum LTV to 80% is a direct response to that. Whether a client is purchasing, remortgaging, or restructuring their finances, we want intermediaries to know that Hinckley & Rugby will genuinely consider their case on its individual merits, and this is just one of a series of steps we are taking to ensure our criteria [are] supporting under-served borrowers.”
At the beginning of the year, Hinckley & Rugby for Intermediaries launched Income Flex offerings at 95% LTV.
