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.
NEW PRODUCT: Flex Together – 6.29% – 95% LTV
We are pleased to announce that we have launched Flex Together, our Joint Borrower Sole Proprietor mortgage but better! It allows up to four borrowers on a mortgage application to help boost affordability, and that includes family members AND FRIENDS!
We calculate affordability based on an income multiple of x4.49 for the two highest earners and x1 for any additional applicants. All parties share responsibility for the mortgage, but only the main purchaser is on the property deeds.
But what makes Flex Together even more special is our Tailored Term tool. This enables different applicants to share the mortgage over different timescales, removing the term limitations faced when applicants have a significant age gap. View the full criteria here.
Flex Together (JBSP) – 6.29% 2 year discount – 95% LTV – JHD2
Click below to find out more about how our enhanced JBSP mortgages can support clients wishing to take their first/next step on the property ladder. Or contact our team. We’re always here to support you and your clients.