Hinckley & Rugby for Intermediaries has introduced the growth of its residential mortgage lending into Scotland. This is the first time the society has supplied merchandise north of the border.
Brokers in Scotland can now entry Hinckley & Rugby’s full vary of residential mortgage merchandise, together with Income Flex and Credit Flex.
The launch is initially accessible by means of PMS Mortgage Club and Sesame Network, each half of Sesame Bankhall Group, with wider distribution deliberate at the finish of the summer time.
There aren’t any adjustments to product standards and Scottish debtors can have entry to the identical proposition already accessible throughout England and Wales.
Hinckley & Rugby’s residential product vary consists of:
Income Flex: for non-standard or advanced earnings, together with self-employed debtors with one 12 months’s accounts or utilizing web revenue.
Skilled Worker Visa: standards embrace no minimal UK residency, no minimal earnings necessities, and no minimal time remaining on the visa.
JBSP and lending into retirement, as much as 95% LTV on chosen merchandise and handbook underwriting with no credit score scoring.
Buy-to-let merchandise stay accessible to brokers in England and Wales solely.
Commenting on the growth Hinckley & Rugby head of mortgage gross sales Laura Sneddon mentioned: “This is a big step in opening up entry for extra brokers and purchasers, and we’re proud to carry our full residential proposition to Scotland.”
