Fixed Rate 

Hinckley & Rugby widens professionals mortgage offerings

Hinckley & Rugby widens professionals mortgage offerings

Lawyers, barristers and accountants can now apply for a range of two and five-year fixed rate homeloans from Hinckley & Rugby for Intermediaries.

The legal and accountancy professions have joined the ranks of doctors and dentists who qualify for higher loan-to-income multiples and increased maximum loan sizes with Hinckley & Rugby.

This means they can borrow up to five-and-a-half times their income at up to 80 per cent LTV and four-and-a-half times above 90 per cent LTV. 

The fee-free mortgages on offer include a two-year fixed rate deal at 3.49 per cent for up to 95 per cent LTV, a two-year fixed rate at 2.69 per cent for up to 90 per cent LTV, a five-year fixed rate at 3.89 per cent for up to 95 per cent LTV and a five-year fixed rate at 3.19 per cent for up to 90 per cent LTV.

Carolyn Thornley-Yates, head of sales and marketing at Hinckley & Rugby, 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."

Daniel Bailey, principal at Derbyshire-based Middleton Finance, said this move was a positive step by Hinckley & Rugby.

He said: "Certain professions have a good track record for career progression and a good increase in salary moving forward.

"The increase in income multiples will help professions get on the ladder a little sooner."

aamina.zafar@ft.com

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