BTL products come with a £250 application fee, £999 completion fee and payable valuation fee.
Rates include a personal BTL 2-year discount at 5.19% variable at 80% LTV and limited company BTL 2-year discount at 5.39% variable at 75% LTV.
Interest coverage ratios are set at 125% for basic rate taxpayers and 145% for higher rate taxpayers on personal applications, and 125% for limited company borrowers.
Christopher Holmes, products & proposition senior manager at Hinckley & Rugby, said: “We know that many people living and working in the UK on eligible visas can face additional challenges when it comes to accessing mortgage finance, despite having stable incomes and making a valuable contribution to the economy.
“Recent research has highlighted how affordability is becoming an increasing barrier to homeownership, particularly for key workers in sectors such as healthcare, where property prices are often outpacing borrowing power.
“That’s why it’s important that lenders continue to provide options that help more borrowers achieve their homeownership ambitions.”
Holmes added: “These new products further strengthen our Visa proposition, providing brokers with more choice across both residential and buy-to-let lending.
“By offering lending up to 95% LTV on residential applications and maintaining a flexible approach to eligible visa types, we’re helping intermediaries support a wider range of clients who may find their options more limited elsewhere.”
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