Hodge announce range-wide rate cuts

The specialist lender has kicked off the New Year rate reductions of up to 0.80%

Related topics:  Finance,  Property,  Mortgages
Property | Reporter
4th January 2024
Emma Graham 386
"These latest rate decreases are yet another reflection of our desire to help you help your customers in the moments that matter"
- Emma Graham - Hodge

Hodge has announced that it is reducing rates across its entire mortgage range and retention products are also following suit.

The specialist lender is reducing all 50+ rates by 0.70%, all RIO 2-year fixed rates by 0.70% and all RIO 5-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, (pictured) 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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