Hodge has reduced rates across a selection of its 50+ and Retirement Interest Only (RIO) Mortgages by up to 0.26%.
The specialist lender has cut the interest on a range of its two-year and five-year fixed rate products, available to new and existing customers.
Rates on Hodge’s 50+ and RIO product ranges are as follows:
| Product | Max LTV | Product Fee | Old rate | New rate | Change |
| 50+ Mortgage 2 year fixed | 75% | £995 | 6.55% | 6.35% | -0.20% |
| 50+ Mortgage 2 year fixed (fee free) | 75% | £0 | 6.70% | ||
| 50+ Mortgage 5 year fixed | 75% | £995 | 6.05% | 5.95% | -0.10% |
| 50+ Mortgage 5 year fixed (fee free) | 75% | £0 | 6.20% | 6.10% | -0.10% |
| 50+ Mortgage 2 year fixed | 75% | £1,495 | 6.35% | 6.15% | -0.20% |
| 50+ Mortgage 2 year fixed | 75% | £1,995 | 6.25% | 6.05% | -0.20% |
| 50+ Mortgage 5 year fixed | 75% | £1,495 | 5.85% | 5.75% | -0.10% |
| 50+ Mortgage 5 year fixed | 75% | £1,995 | 5.75% | 5.65% | -0.10% |
| 50+ Mortgage 2 year fixed | 85% | £995 | 6.85% | ||
| 50+ Mortgage 2 year fixed (fee free) | 85% | £0 | 7.00% | ||
| 50+ Mortgage 5 year fixed | 85% | £995 | 6.35% | ||
| 50+ Mortgage 5 year fixed (fee free) | 85% | £0 | 6.50% | ||
| RIO Mortgage 2 year fixed | 75% | £995 | 6.75% | ||
| RIO Mortgage 2 year fixed (fee free) | 75% | £0 | 6.90% | ||
| RIO Mortgage 5 year fixed | 75% | £995 | 6.25% | 5.99% | -0.26% |
| RIO Mortgage 5 year fixed (fee free) | 75% | £0 | 6.40% | 6.14% | -0.26% |
| HBTL Mortgage 2 year fixed | 75% | £995 | 7.00% | ||
| HBTL Mortgage 2 year fixed (fee free) | 75% | £0 | 7.25% | ||
| Professional Mortgage 2 year fixed | 80% | £1,495 | 6.50% | ||
| Professional Mortgage 5 year fixed | 80% | £1,495 | 6.40% | ||
| Professional Mortgage 2 year fixed | 90% | £1,495 | 6.65% | ||
| Professional Mortgage 5 year fixed | 90% | £1,495 | 6.55% |
Emma Graham (pictured), business development manager at Hodge, said: “We’ve implemented these changes to give our brokers and their customers greater choice as the market settles and rates continue to fall.
“We’re hoping these latest rate reductions will help our intermediary partners serve customers requiring specialist mortgage solutions, with competitive rates on our market-leading 50+ and RIO mortgages.”
