Specialist lender Hodge has announced rate reductions across its mortgage portfolio, lowering select 2-year fixed rates by up to 0.25% on both new business and retention products.
The move follows Hodge’s recent decision to increase the maximum loan-to-value on its Resi and Resi Retire propositions, designed to support borrowers lending up to and into retirement.
The latest changes include reductions of up to 0.25% on RIO products and an average cut of 0.15% across other ranges.
Emma Graham, business development director for Hodge, said: “These rate reductions will help brokers provide better value to their customers looking for a specialist mortgage solution.
“Lending from the age of 21, both up to and into retirement, our manual underwriters adopt a flexible approach to underwriting, reviewing each case individually adding a human touch and putting the customer at the heart of the decision-making process.”
Hodge said the changes reflect its ongoing commitment to being a criteria-led lender, with recent updates informed by broker feedback and borrower insight.
Last year, the lender removed the minimum age of 50 on its Resi Retire proposition to expand eligibility for customers planning for later life.
Emma added: “We want to support customers with complex income and unique financial stories to not only get on the property ladder but to stay on it and remain in their homes when they reach retirement.”
