As we continue to see the effect of rising inflation and its impact on savings rates, banks, brokers and customers alike are having to navigate an increasingly tricky journey. This, combined with record volumes of business and the subsequent impact to our service levels has led to us making a few changes.
We've reviewed our mortgage rates to ensure we continue to lend and operate responsibly. We will be increasing our interest rates across all our products (50+, RIO and Holiday Let) by an average of 0.60% with effect from 5pm on the 30th May.
Our flexible, personal approach to assessing cases sits at the very core of our business, and we take pride in our ability to review each case on its own merit, something we are committed to maintaining at Hodge. We know we absolutely need to support both our teams internally and valued external partners at this busy time.
We appreciate the challenge you face at this time with a number of lenders withdrawing and increasing their interest rates. Thank you for your support and understanding, please remain assured that we are committed to ensuring our service levels are maintained at the levels you both expect and deserve.