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.
Supporting home ownership for healthcare and skilled worker visa holders
As part of our ongoing drive to support deserving applicants who are typically neglected by most high street lenders, we have launched a range of mortgages to help skilled foreign workers in the UK own their own home.
Our innovative mortgage solution for Skilled Worker and Health & Care Worker visa holders overcomes three significant barriers: no minimum income is required, no minimum UK residency is necessary, and no minimum duration* remaining on the current visa is required. In addition, we offer up to 95% LTV (capped at 90% if UK residency is less than 12 months).
New products
- Visas – 2 Year Fixed 6.49% – 90% LTV – VISF1
- Visas – 2 Year Fixed 6.79% – 95% LTV – VISF2
- Visas – Fixed 5 Year to 14/09/2029 – 5.99% – 90% LTV – VISF3
- Visas – Fixed 5 Year to 14/09/2029 – 6.39% – 95% LTV – VISF4
With almost 20% of NHS staff not being UK nationals, and with around a third of a million skilled worker visas issued in 2023, there is a growing need for housing solutions for this vital and neglected segment of the UK workforce. This new mortgage offering will help brokers who struggle to help foreign workers who, despite meeting affordability criteria, simply have not been in the UK long enough to apply.
You can learn more about the full product launch on our website by clicking below or contacting our team. We’re always here to support you and your clients.