As of 21st April, we’ve reduced rates across our holiday let and 75% LTV 50+ products by 0.20%. We have also added a two-year discounted rate up to 75% LTV across our later life product range.
These rate changes are our latest move, we have also recently increased our LTV from 70% to 75% across our later life range and increased our maximum loan size from £1m to £1.5m.
Emma Graham, business development director at Hodge, said:
“The first quarter of 2021 has been a period of resetting and reassessing for our team. We have taken a long hard look at the market, listened to what brokers and their customers are asking for and have amended our proposition accordingly.
“We are known as a lender that is innovative and flexible and reacts to the needs and wants of our clients and we will continue to do so as the property and mortgage market settles down and alters after one of the toughest years we have experienced.”
More information about Hodge mortgage products can be found here