Specialist lender Hodge has made a third rate cut across its range of mortgage products since the start of the year.
The latest reduction affects Hodge’s RIO, 50+ and holiday let mortgages, with rates dropping by up to 0.40% across many of its products.
Hodge has also lowered rates on its retention range by up to 0.40% to support existing customers, following a similar reduction on its Professional Mortgage last month.
Emma Graham (pictured), business development director at Hodge, said the rate reductions would help intermediaries to secure better deals for their specialist customers.
She said: “What a start to 2023 we’ve had so far with three rate drops across our products.
“Further stability in the market, as well as in the wider economy means we can pass these rate reductions on, helping our intermediary partners get more great deals for their specialist customers.
“Reducing the retention rates on our products is also a great way that we feel we can reward both our loyal broker and IFA partners, and their clients who choose to stay with us.”
