Hodge cuts rates across entire mortgage range by up to 0.80%
Holiday let products will see the largest reductions.
Hodge is reducing rates across its entire mortgage range, with retention products also following suit.
The specialist lender is reducing all 50+ rates by 0.70%, all retirement interest-only (RIO) two-year fixed rates by 0.70% and all RIO five-year fixed rates by an average of 0.40%.
All professional mortgage rates are being reduced by 0.60% and all holiday let rates by 0.80%.
Emma Graham, business development director at Hodge, said: “We've been working diligently to enhance our products and criteria to best support your customers and it seems fitting to start a new year with some good news.
“This reduction in rates comes hot off the heels of an increase in our procuration fees, where we increased broker fees for mortgage product transfers from 0.25% to 0.30% in recognition of the intermediary partners we work with.
“These latest rate decreases are yet another reflection of our desire to help you help your customers in the moments that matter.”
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