Mortgages

Hinckley & Rugby expands 5.5x income professional range

The Society launched the bespoke range to medical professionals in December.

Rozi Jones
|
14th March 2019
hinckley rugby bs building society H&R
"Such has been the response to our mortgages for medics that we are delighted to be broadening out the range of professions able to access the enhanced criteria."

Lawyers, barristers and accountants can now access Hinckley & Rugby's specialist range which offers higher loan to income multiples and increased maximum loan sizes to borrowers in certain professions.

In December, the Society launched the bespoke range to medical professionals, including doctors and dentists.

Those who qualify can borrow up to 5.5 times income at up to 80% LTV and 4.5 times above 90% LTV.

The fee-free range includes two-year fixed rates from 2.69% up to 90% LTV and 3.49% to 95% LTV.

Five-year fixed rates are available from 3.19% up to 90% LTV and 3.89% at 95% LTV.

Hinckley & Rugby's head of sales and marketing, Carolyn Thornley-Yates, said: “Such has been the response to our mortgages for medics that we are delighted to be broadening out the range of professions able to access the enhanced criteria.

“We recognise that qualifying as a lawyer or an accountant is a tremendous foundation for a long and rewarding career that promises sustained progression. It gives us, as a manual lender, the confidence to consider not just where an applicant is today but what their future potential is.

“And thanks to the daily meetings of our Mortgage Referrals Committee, each enquiry and application gets the full consideration of senior decision makers. Brokers with professional clients should know of Hinckley & Rugby’s general willingness to lend flexibly to professionals.”

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