Hodge has announced reduced rates across its holiday let, 50+ and recently launched Professional mortgages.

This is the second time the specialist lender has reduced its rates in the past two months, since re-entering the market after a short pause in July and offering its full product range since November.

This rate reduction also comes on the back of the launch of its Professional mortgage only a few weeks ago and the introduction of short-term fixed rates on its Specialised Residential Investment product for the commercial market.

Emma Graham (pictured), 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 – particularly our Professional mortgage which we have only just officially launched.”

“We offer both repayment and interest only options on the 50+ and holiday let mortgages, which also benefit from reductions of 10 bps from today. And so, 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,” Emma added.