Hinkley & Rugby has announced a refresh of its product range with two new products and a series of interest rate cuts.
New products include a 95% LTV Income Flex mortgage with a two-year discount rate of 6.45%, and a 90% LTV Flex Together (JBSP) mortgage with a two-year fixed rate of 6.29%.
The mutual’s Flex range is based on flexible products that meet a variety of complex needs, from atypical incomes and unfavorable credit to mortgages with family and friends.
Interest rate cuts have been applied to the company’s Income Flex, Credit Flex and Buy-to-Let products, with reductions of up to 0.7%.
Christopher Holmes, senior product manager at Hinkley & Rugby, commented: “A one-size-fits-all approach to lending does not meet the challenges facing today’s homebuyer as many applicants simply don’t fit the bill. We understand that and have developed flexible mortgage products that meet their needs. Our spring renewal is part of a process of continuous improvement, adapting to the ever-changing needs of our customers.”
Hinkley’s head of mortgage sales Laura Sneddon said: “Our Flex mortgages ‘flex’ to meet individual customer needs. Most lenders want the applicant’s circumstances to match one of their mortgages, but we are different because we are flexible. We listen and do everything we can to make one of our mortgages suitable for the applicant’s circumstances. As a manual insurer, we have the flexibility and the will to arrive at that elusive ‘yes’.”