Hinckley & Rugby for Intermediaries has introduced the growth of its residential mortgage lending into Scotland. This is the primary 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 obtainable by way of PMS Mortgage Club and Sesame Network, each a part of Sesame Bankhall Group, with wider distribution deliberate on the finish of the summer season.
There aren’t any adjustments to product standards and Scottish debtors may have entry to the identical proposition already obtainable throughout England and Wales.
Hinckley & Rugby’s residential product vary contains:
Income Flex: for non-standard or advanced revenue, together with self-employed debtors with one 12 months’s accounts or utilizing web revenue.
Skilled Worker Visa: standards embody no minimal UK residency, no minimal revenue necessities, and no minimal time remaining on the visa.
JBSP and lending into retirement, as much as 95% LTV on chosen merchandise and guide underwriting with no credit score scoring.
Buy-to-let merchandise stay obtainable to brokers in England and Wales solely.
Commenting on the growth Hinckley & Rugby head of mortgage gross sales Laura Sneddon stated: “This is a major step in opening up entry for extra brokers and shoppers, and we’re proud to deliver our full residential proposition to Scotland.”
