Hinckley & Rugby for Intermediaries has launched new buy-to-let (BTL) products up to 80% loan-to-value (LTV) and reduced rates on its limited company range, as it looks to support brokers placing landlord cases across purchase and remortgage scenarios.
The lender has introduced a range of 2-year discounted products, available immediately, with rates starting from 4.99% for landlord borrowers.
Hinckley & Rugby said the addition of higher LTV options aims to expand product choice in a part of the market where availability has historically been more limited, particularly for landlords operating through limited company structures.
Alongside the new range, the lender has reduced the rate on its limited company buy-to-let 2-year discounted product at 70% LTV by 0.4%, from 5.40% to 5%. The product comes with a £1,249 fee.
The changes were designed to give brokers greater flexibility when structuring cases, particularly as landlords continue to navigate uncertainty around interest rates and affordability.
Laura Sneddon (pictured), head of mortgage sales and distribution at Hinckley & Rugby for Intermediaries, said: “Five-year fixed-rates have been the default for many landlords for a reason, particularly from an affordability and rental coverage perspective, but that doesn’t always reflect how clients are thinking in the current market.
“What we are seeing more often now is brokers weighing up that trade-off more carefully. While fixed-rates can work well from that point of view, not every landlord wants to lock in at today’s pricing.
“That is especially the case in a market where the Bank of England has held the base rate and the direction of travel is still unclear.
“It leaves brokers and their clients trying to balance affordability with flexibility, rather than committing too early.
“That is where discounted products start to come back into the conversation.
“They are not always the easiest to place, but they can offer a level of flexibility that some clients are actively looking for.
“By introducing 80% LTV options and adjusting pricing across the range, we are giving brokers more scope to structure cases around those real conversations, rather than relying on a single approach.”