Hinckley and Rugby Building Society has updated its product and criteria, the details are below. These products are available through our direct to lender mortgage club so contact us for more information on how our club can support your business.
Explore our new BTL 2 Year Discount (75% LTV)
We’re resuming BTL lending with the re-launch of our 75% LTV 2 Year Discount
This BTL 2 Year Discount product is great for borrowers who have a smaller deposit, including first time landlords or those looking to expand their portfolio. This competitively priced product is aimed at landlord borrowers who have a smaller deposit. It is available to a wide cohort of borrowers from first time landlords to accidental landlords to those looking to expand their property portfolio.
Did you know, our Income Flex products accept self employed borrowers?
Our Income Flex products are great for supporting self employed borrowers and allows a combination of any two non-standard incomes.
We’ve highlighted some of the common Income Flex criteria questions below:
- What is minimum length of time on self employed income?
We will consider 12 months* - Can you use projection as the latest year?
Yes, on Income Flex up to 5.5x LTI* - Do you accept latest year’s self employed figures for affordability?
Yes, on Income Flex*
*Subject to full underwriting.
Visit our website to explore Income Flex criteria and the available products. If you have any questions, get in touch with our team.
PRODUCT WITHDRAWAL
Due to heavy demand in recent days, and in the interest of maintaining the service provided to our current mortgage applicants, please be advised that we are withdrawing the following product from 5.00pm today, 27 March 2023.
Brokers will have until that time to submit cases.
We continue to offer a range of competitive mortgages which you can explore on our website. Please keep your eyes peeled for further product announcements in the near future.