For the second time this month, Hodge is reducing rates across a range of its 50+ and Retirement Interest Only (RIO) Mortgages – with some rates being cut by 0.33%.
These reductions, which affect several of its two-year and five-year fixed rate products, are available to new and existing customers from today.
Details are as follows:
|
Product |
Max |
Product |
Current |
Proposed |
| 50+ Mortgage 2 year fixed |
75% |
£1,995 |
6.05% |
5.95% |
| 50+ Mortgage 2 year fixed |
75% |
£1,495 |
6.15% |
6.05% |
| 50+ Mortgage 2 year fixed |
75% |
£995 |
6.35% |
6.20% |
| 50+ Mortgage 2 year fixed (fee free) |
75% |
£0 |
6.70% |
6.37% |
| 50+ Mortgage 2 year fixed |
85% |
£995 |
6.85% |
6.65% |
| 50+ Mortgage 2 year fixed (fee free) |
85% |
£0 |
7.00% |
6.85% |
| 50+ Mortgage 5 year fixed |
75% |
£1,995 |
5.65% |
|
| 50+ Mortgage 5 year fixed |
75% |
£1,495 |
5.75% |
|
| 50+ Mortgage 5 year fixed |
75% |
£995 |
5.95% |
5.80% |
| 50+ Mortgage 5 year fixed (fee free) |
75% |
£0 |
6.10% |
|
| 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% |
6.55% |
| RIO Mortgage 2 year fixed (fee free) |
75% |
£0 |
6.90% |
6.70% |
| RIO Mortgage 5 year fixed |
75% |
£995 |
5.99% |
5.88% |
| RIO Mortgage 5 year fixed (fee free) |
75% |
£0 |
6.14% |
|
| 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 2 year fixed |
90% |
£1,495 |
6.65% |
|
| Professional Mortgage 5 year fixed |
80% |
£1,495 |
6.40% |
|
| Professional Mortgage 5 year fixed |
90% |
£1,495 |
6.55% |
|
Emma Graham, business development director at Hodge, said: “We are thrilled to reduce rates further across many of our RIO and 50+ mortgage products. This rate reduction is another sign of stabilisation of the market, enabling us to implement changes more frequently.
“By making two rate reductions in less than a month, we are hoping this will instil even more confidence in the market and encourage our intermediary partners to access Hodge’s flexible, market-leading mortgage solutions.
“We pride ourselves on our personal service and ‘open door’ policy, and believe that these rate reductions demonstrate our commitment to maintaining the best customer service and products available.”
