Hodge has made further reductions on its holiday let mortgages, by reducing the five-year fixed 75% LTV product by 0.20%.
This rate reduction will bring the fee-paying option of the five-year fixed from 3.95% to 3.75% and the non-fee option from 4.1% to 3.9%.
This latest rate drop comes after the intermediary-only lender also reduced the rates of its 50+ and RIO mortgage products, of 0.30% and 0.20% respectively, as well as a 0.10% drop on other holiday let products in recent weeks.
Emma Graham, business development director at Hodge, said: “It’s no surprise that in a rising rate environment, we’ve seen an uplift in written business on our longer-term fixed rate products. This is why we’ve made further changes to our rates to provide a more competitive choice for those borrowers looking to fix their monthly payments for longer.
“The added benefit of the Hodge Early Repayment Promise gives peace of mind that early repayment charges can be waived should borrowers decide to sell their holiday let property during the promotional period.”
More information about these products can be found at: https://hodgebank.co.uk/intermediaries/mortgages/holiday-let/
Notes to editors
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Hodge is an independently owned group based in Cardiff, offering a range of personal mortgage products, savings products to private and commercial clients, as well as lending to commercial clients nationwide.
Over 85,000 customers across the UK trust Hodge to support them because of its years of expertise and knowledge in the markets it serves. Hodge design products with customers in mind, keeping things simple and straightforward.
The Hodge Foundation, a charity supporting the welfare, medical, academic and educational areas own 79% of Hodge.
More information can be found on the website www.hodgebank.co.uk.
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