Hinckley & Rugby increases lending into retirement LTV to 80%

Hinckley & Rugby for Intermediaries has increased the maximum LTV for lending into retirement from 75% to 80% for residential borrowers.

All products are available up to a maximum borrower age of 85.

The LTV increase sits within Hinckley & Rugby’s broader commitment to manual underwriting. With no automated credit scoring, each application is assessed individually by an experienced underwriter. 

Laura Sneddon, head of sales and distribution at Hinckley & Rugby, said: “Demand for lending into later life is growing significantly, and raising our maximum LTV to 80% is a direct response to that. 

"Whether a client is purchasing, remortgaging, or restructuring their finances, we want intermediaries to know that Hinckley & Rugby will genuinely consider their case on its individual merits, and this is just one of a series of steps we are taking to ensure our criteria is supporting underserved borrowers.”