Hinckley & Rugby for Intermediaries has launched four two-year discount visa mortgage products covering residential and buy-to-let lending, available from 5 June 2026, with the range designed to give brokers a more flexible route for clients on eligible UK visas who may not qualify under mainstream criteria.
The residential offering comprises two Skilled Worker Visa products available for purchase and remortgage, both including £250 cashback and carrying an £800 completion fee alongside a payable valuation fee. The rate structure is as follows:
- Two-year discount at 5.75% variable, 1.14% below the Homeowner Variable Rate (HVR), at 95% LTV
- Two-year discount at 5.50% variable, 1.39% below HVR, at 90% LTV
On the buy-to-let side, two products are available for purchase and remortgage, one for personal applicants and one for limited company landlords, each with a £250 application fee, £999 completion fee and payable valuation fee:
- Personal buy-to-let: two-year discount at 5.19% variable, 1.70% below the Landlord Variable Rate (LVR), at 80% LTV
- Limited company buy-to-let: two-year discount at 5.39% variable, 1.50% below LVR, at 75% LTV
Interest coverage ratios (ICR) are set at 125% for basic rate taxpayers and limited company borrowers, with higher and additional rate taxpayers on personal applications subject to a 145% ICR.
Income requirements vary by product type. Single residential Skilled Worker Visa applicants must meet a minimum income of £41,700, though this threshold does not apply to those employed in teaching, NHS or private healthcare roles. For visa buy-to-let applications, the minimum income for single applicants is set at £35,000.
The society's visa policy considers factors including UK residency, remaining visa term and loan-to-value limits, with cases assessed individually by experienced underwriters. The proposition covers a range of visa types, including Skilled Worker, Health and Care, Global Talent, British National (Overseas) and Ancestry visas.
Christopher Holmes, products and proposition senior manager at Hinckley & Rugby, said: "We know that many people living and working in the UK on eligible visas can face additional challenges when it comes to accessing mortgage finance, despite having stable incomes and making a valuable contribution to the economy.
"Recent research has highlighted how affordability is becoming an increasing barrier to homeownership, particularly for key workers in sectors such as healthcare, where property prices are often outpacing borrowing power. That's why it's important that lenders continue to provide options that help more borrowers achieve their homeownership ambitions.
"These new products further strengthen our Visa proposition, providing brokers with more choice across both residential and buy-to-let lending. By offering lending up to 95% LTV on residential applications and maintaining a flexible approach to eligible visa types, we're helping intermediaries support a wider range of clients who may find their options more limited elsewhere."
