The lender’s two-year fixed-rate options at 60% LTV are now available at 6.55% with a £995 fee, and 6.70% with no fee.
Meanwhile the two-year fixes at 75% LTV are priced at 6.75% (with a £995 fee) and 6.90% (no fee).
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Hodge has also cut rates across its five-year fixed-rate holiday let options, which are now provided at:
- 6.60% at 60% LTV with a £995 fee
- 6.75% at 60% LTV with no fee
- 6.80% at 75% LTV with a £995 fee
- 6.95% at 75% LTV with no fee
In addition, the lender lowered rates across its 50+ and professional mortgage ranges.
Emma Graham, business development director at Hodge, said: “It has been a turbulent year for the industry, to say the least — a boom at the beginning, with storm clouds gathering in the middle, and now we are all grateful to see some stability returning, both economically and to the mortgage and property market.
“With that in mind, we are really pleased to be able to offer our intermediary partners rate reductions on these products.
“We hope this is welcome news to our partners and their clients, as we realise that this is a time when many people need all the financial help they can get.”
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