Hinckley & Rugby for Intermediaries has launched a pair of exclusive edition discount mortgages, available from 31st March, designed to support brokers placing remortgage business at lower loan-to-value (LTV) levels.
The new products include a two-year discount rate of 4.09%, available up to 60% LTV, and a 4.34%, available up to 75% LTV.]
The average two year fixed rate has risen to 5.75 per cent, up 92 points since the outbreak of war, showing the strength of Hinckley & Rugby’s product offering and determination to offer fair value to its customers.
Both products come with no application fee, an £800 completion fee, and a payable valuation fee. The maximum loan size is £500k and the products are available for remortgage cases.
With UK Finance data indicating around 1.8 million fixed rate mortgages are due to mature in 2026, Hinckley & Rugby said it expects demand for competitively-priced remortgage solutions to remain strong as borrowers look to manage payment increases.
Hinckley & Rugby for Intermediaries offers a wide range of specialist mortgage products including support for complex income, self-employed borrowers, first-time buyers, buy-to-let, joint borrower sole proprietor and its Income Flex proposition, giving brokers more options where standard lending does not meet client needs.
Laura Sneddon, Head of Sales and Distribution at Hinckley & Rugby for Intermediaries, said:
“Offering consistency and value as product pricing shifts quickly is even more important in the type of market environment we are currently witnesses, with brokers having to keep pace with frequent changes across the market.
“Our latest discount products are aimed squarely at standard borrowers coming to the end of low fixed rates, particularly those moving into lower LTV positions who are focused on securing a competitive deal.
“We know many clients are facing a step up in monthly payments, and while we cannot remove that entirely, we can help soften the impact by offering strong value where it matters most. Our focus is on giving brokers confidence they have a reliable option for remortgage cases in a volatile market.”
