Hodge temporarily closes to new business

In a statement on its intermediary website, Hodge said: "Our business volumes remain at record numbers, and as a lender that prides itself on offering a personal service, continuing to operate under these conditions means we’re unable to fulfil service levels.

"It's important to us that we meet both yours and your customers' expectations, and making sure our service levels are back within reasonable timeframes is our priority at this time.

"Whilst we work on a refreshed mortgage product range we remain committed to prioritising existing cases to ensure we are operating responsibly, and meeting the standards of service you have come to expect from us.

"We appreciate the challenge you face with a number of lenders withdrawing and increasing their interest rates at this time, and we are committed to communicating updates with you regularly on when we will be re-opening for new business."

Hodge confirmed that DIPs must be submitted by 5pm today and full applications must then be submitted before 5pm on Monday 20th June to secure the rate.

Submissions received before this date will continue to be serviced but submissions received after these dates and times will not be reviewed before new products are made available.