Hinckley & Rugby for Intermediaries reduces rates across full mortgage product range by up to 23bps
04 July 2025
– Retention products also reduced to support existing borrowers –
Hinckley & Rugby for Intermediaries has announced a raft of mortgage rate reductions of up to 23 basis points (bps) across its full mortgage product range, including core, Fixed, Income Flex, Credit Flex and Flex Plus ranges.
Effective immediately, the Society has made pricing changes designed to give brokers greater flexibility when supporting clients with non-standard income, historic credit issues or complex affordability needs, as well as those seeking competitive options through more mainstream criteria.
Key changes across the range include:
Fixed rate products (core):
- Five-year fix (80% LTV): reduced by 23bps to 5.39%.
- Five-year fix (90% LTV): reduced by 18bps to 5.64%.
These products suit borrowers seeking long-term payment certainty, including first-time buyers and home movers.
Income Flex (for non-standard income):
- Two-year fix (80% LTV): reduced by 21bps to 5.89%.
- Two-year fix (90% LTV): reduced by 10bps to 6.15%.
- Five-year fix (80% LTV): reduced by 16bps to 5.69%.
- Five-year fix (90% LTV): reduced by 9bps to 5.90%.
Designed for applicants with multiple or variable income streams, Income Flex supports borrowers who may fall outside traditional affordability models.
Credit Flex (for borrowers with historic credit issues):
- Two-year fix (80% LTV): reduced by 11bps to 5.99%.
- Five-year fix (80% LTV): reduced by 10bps to 5.79%.
These products are suitable for credit-impaired clients whose circumstances have since stabilised.
Flex Plus (for complex affordability or specialist needs):
- Two-year fix (80% LTV): reduced by 10bps to 6.15%.
- Two-year fix (90% LTV): reduced by 10bps to 6.30%.
- Five-year fix (80% LTV): reduced by 23bps to 6.22%.
- Five-year fix (90% LTV): reduced by 23bps to 6.27%.
These products are designed for borrowers with more complex circumstances, such as layered income sources, irregular earnings or historic credit events, where a more bespoke underwriting approach is needed.
Retention product refresh
Alongside its new business changes, Hinckley & Rugby has also amended rates across its full retention range, with reductions of up to 25 basis points now in effect. These updates aim to support brokers in delivering better value to existing clients approaching the end of their fixed terms.
Laura Sneddon, Head of Mortgage Sales & Distribution at Hinckley & Rugby for Intermediaries, said:
“Our latest rate changes are designed to give brokers competitive solutions in areas of the market where flexibility is vital. Whether it’s non-standard income, credit complexity or long-term affordability, these products offer strong options for clients who may struggle to access mainstream deals.
“By reducing rates across a range of specialist and core products, we’re giving brokers more room to manoeuvre, with pricing that stays competitive while still backed by the tailored, case-by-case approach we’re known for.
“At the same time, we’re also making sure our existing borrowers are well served. The updates to our retention range allow brokers to support clients beyond their initial fixed term with improved value and a smoother product transfer process.”
For full product details and criteria, visit www.hrbs.co.uk/intermediaries
