Hinckley & Rugby for Intermediaries announced the expansion of its residential mortgage to Scotland. This is the first time the association offers products north of the border.
Scottish brokers now have access to Hinckley and Rugby’s full home mortgage offerings, including income elasticity and credit elasticity.
The release is initially available through PMS Mortgage Club and Sesame Network (part of the Sesame Group is available from PMS Mortgage Club and Sesame Network), and a wider release is planned at the end of the summer.
Product standards have not changed and Scottish borrowers will have access to the same claims that England and Wales have already provided.
Hinckley & Rugby’s residential product range includes:
Revenue Flexible: For non-standard or complex income, including self-employed borrowers with one-year account or net profit.
Skilled Worker Visa: The standard does not include the UK minimum residence, there is no minimum income requirement, and there is no minimum time on the visa.
JBSP and retirement loans, up to 95% LTV under selected products and manual coverage, no credit score.
Purchasing products is only available to brokers in England and Wales.
Comment Laura Sneddon, head of mortgage sales at Hinckley & Rugby, said: “This is an important step to open access to more brokers and clients and we are proud to bring our full residential proposition to Scotland.”
