View more on these topics

Hinckley & Rugby launches new buy-to-let loans


Hinckley & Rugby Building Society has launched two new buy-to-let mortgages.

The first is an offset loan at 2.98 per cent up to 75 LTV. It has an application fee of £250 and the completion fee is £1,250 and there is a free valuation on properties up to £1m.

The second new mortgage is a 2.55 per cent five-year fixed loan at up to 60 per cent LTV. The application fee is £250 and the completion fee is £999.

There is a scaled valuation fee and early repayment charges step down from five per cent in year one to one per cent in year five.

Hinckley & Rugby head of intermediary sales Carolyn Thornley-Yates says: “Landlords can benefit from our manual approach to underwriting which includes the consideration of personal income to support rental income, and joint borrower/sole proprietor arrangements.”



Buy-to-Let Watch: The limiting effect of big lenders

Many big mainstream lenders do not cater for limited company borrowers and their absence affects product pricing The pending changes to mortgage interest relief for landlords borrowing in their own name started the movement towards incorporation. Now the PRA’s SS13/16 – Underwriting Standards for Buy-to-Let Mortgage Contracts – will push them further down the limited […]

Limited company buy-to-let purchases reach 63%

The number of landlords choosing to structure their property deals via limited companies is on the rise, as buy-to-let mortgage data reveals these now make up 63 per cent of all purchase applications. The figure for the third quarter, from Mortgages for Business, is up from just 21 per cent before the changes to tax relief […]


PRA to impose tougher buy-to-let lending rules

The Prudential Regulation Authority has confirmed it will bring in tougher underwriting standards for buy-to-let lenders following an earlier consultation. The PRA consulted on changing buy-to-let underwriting standards in March for all lenders not already subject to FCA regulation. Today the regulator has published its response to the CP11/16 consultation, as well as its final […]


News and expert analysis straight to your inbox

Sign up