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.
Case study: How Income Flex supported two cousins to secure a £1.14m mortgage
This week we’re sharing a real life example of our flexible lending in action and how our Income Flex product helped two self-employed cousins achieve their homeownership goals.
THE APPLICATION
Two cousins, Mr A and Mr B, both self-employed wanted to purchase the property that Mr A was currently renting from his landlord at full market value.
While Mr A’s business had recently grown significantly in the last 18 months with international contracts, his income had increased sharply in the latest year. Mr B, who works as a self-employed sole trader within the same business, only had one year’s accounts available.
OUR SOLUTION
The case was reviewed by our Lending Committee, who took a holistic view of both applicants’ finances and approved the application based on:
- Affordability through Income Flex, accepting Mr B’s latest year’s accounts.
- Strong business performance, supported by verified deposit funds from Mr A’s company.
- A loan size of £1,140,000 at 80% LTV, deemed affordable and approved.
Do you have a client with a complex or evolving income?
Our flexible approach to self-employed borrowers could help. Get in touch with our BDMs today or explore our Income Flex criteria and products below.
NEW: 95% LTV Core Residential products
We’re excited to announce that, from tomorrow (24 October 2025), we are introducing four brand‑new Core Residential products. Designed for clients with straightforward financial situations, these include some of our most flexible options, such as JBSP, Later Life, and Tailored Term. With up to 95% LTV, they are ideal for first-time buyers looking to get onto the property ladder with smaller deposits.
New product details
- Core Residential – 2 Year Discount 5.10% variable (1.79% off Homeowner Variable Rate) – 90% LTV – HVD28
- Core Residential – 2 Year Discount 5.39% variable (1.50% off Homeowner Variable Rate) – 95% LTV – HVD29
- Core Residential – 2 Year Fixed 6.25% – 95% LTV – HVF25
- Core Residential – 6.10% fixed to 31/01/31 – 95% LTV – F274