Hinckley & Rugby for Intermediaries has launched a new visa buy-to-let mortgage range, offering rates from 5.79%, alongside an expansion of its visa lending criteria for both residential and buy-to-let propositions.
The new range is designed to help skilled professionals, entrepreneurs, and investors on visas to purchase or refinance property in the UK.
A two-year discount buy-to-let product is available at 5.79%, a two-year fix at 6.10%, and a five-year fix at 5.99%, all available up to 75% LTV.
The products offer ICR calculations of 125% for basic rate taxpayers and 145% for higher and additional rate taxpayers. All products are for both purchase and remortgage with loan sizes ranging from £100,000 to £1.5 million.
With no minimum UK residency requirement and a manual underwriting process that considers each case individually, brokers can offer their clients flexibility to invest in UK property from day one.
The Society has also expanded its visa eligibility to include global talent and ancestry visa holders.
Laura Sneddon, head of mortgage sales and distribution at Hinckley & Rugby, said: “At Hinckley & Rugby, we understand the growing demand for tailored mortgage solutions among professionals relocating to the UK. By expanding our visa lending criteria and launching our new visa buy-to-let range, we are making it easier for brokers to place cases and support clients looking to invest in the UK property market.”
“Brokers have been instrumental in shaping this offering through our Voice of the Broker forums, and we are proud to deliver solutions that directly address their requirements.”
