Hodge Cuts rates again for their 50+, RIO and Holiday Let Mortgages

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Only three months in to 2023 and we’re cutting rates again for our 50+, RIO and Holiday Let mortgages. We’re also reducing retention rates!

Providing you with responsible, specialist mortgages remains at the forefront of our decisions. With this set to be the year of the specialist, we hope you’re as delighted as us that we’ll be offering lower rates. Helping your clients to dream big and live better lives.

Not registered with us yet? Make it simple: Register here to submit DiPs on-line, track your cases and upload documents.

For up to date details of all of our rates and criteria visit our intermediary site here. If you want to know more about re-fixing rates for your customers, it’s here.

 

New rates available from Friday 3rd March 2023:

 

Product Range Product LTV Product Fee Current rate New rate
50+ 2 year fixed 60% £995 5.65% 5.25%
50+ 2 year fixed (fee free) 60% £0 5.80% 5.40%
50+ 5 year fixed 60% £995 5.70% 5.55%
50+ 5 year fixed (fee free) 60% £0 5.85% 5.70%
50+ 2 year fixed 75% £995 5.85% 5.45%
50+ 2 year fixed (fee free) 75% £0 6.00% 5.60%
50+ 5 year fixed 75% £995 5.90% 5.75%
50+ 5 year fixed (fee free) 75% £0 6.05% 5.90%
50+ 2 year fixed (C&I) 85% £995 6.05% 5.65%
50+ 2 year fixed (fee free) (C&I) 85% £0 6.20% 5.80%
50+ 5 year fixed (C&I) 85% £995 6.10% 5.95%
50+ 5 year fixed (fee free) (C&I) 85% £0 6.25% 6.10%
RIO 2 year fixed 60% £995 5.85% 5.45%
RIO 2 year fixed (fee free) 60% £0 6.00% 5.60%
RIO 5 year fixed 60% £995 5.90% 5.75%
RIO 5 year fixed (fee free) 60% £0 6.05% 5.90%
RIO 2 year fixed 75% £995 6.05% 5.65%
RIO 2 year fixed (fee free) 75% £0 6.20% 5.80%
RIO 5 year fixed 75% £995 6.10% 5.95%
RIO 5 year fixed (fee free) 75% £0 6.25% 6.10%
Holiday Let 2 year fixed 60% £995 6.15% 5.95%
Holiday Let 2 year fixed (fee free) 60% £0 6.30% 6.10%
Holiday Let 5 year fixed 60% £995 6.20% 6.10%
Holiday Let 5 year fixed (fee free) 60% £0 6.35% 6.25%
Holiday Let 2 year fixed 75% £995 6.35% 6.15%
Holiday Let 2 year fixed (fee free) 75% £0 6.50% 6.30%
Holiday Let 5 year fixed 75% £995 6.40% 6.30%
Holiday Let 5 year fixed (fee free) 75% £0 6.55% 6.45%

 

We’re also cutting retention rates:

 

Product Range Product LTV Product Fee Current rate New rate
50+ Retention 2 year fixed 60% £995 5.45% 5.05%
50+ Retention 2 year fixed (fee free) 60% £0 5.60% 5.20%
50+ Retention 5 year fixed 60% £995 5.50% 5.35%
50+ Retention 5 year fixed (fee free) 60% £0 5.65% 5.50%
50+ Retention 2 year fixed 75% £995 5.65% 5.25%
50+ Retention 2 year fixed (fee free) 75% £0 5.80% 5.40%
50+ Retention 5 year fixed 75% £995 5.70% 5.55%
50+ Retention 5 year fixed (fee free) 75% £0 5.85% 5.70%
RIO Retention 2 year fixed 60% £995 5.65% 5.25%
RIO Retention 2 year fixed (fee free) 60% £0 5.80% 5.40%
RIO Retention 5 year fixed 60% £995 5.70% 5.55%
RIO Retention 5 year fixed (fee free) 60% £0 5.85% 5.70%
RIO Retention 2 year fixed 75% £995 5.85% 5.45%
RIO Retention 2 year fixed (fee free) 75% £0 6.00% 5.60%
RIO Retention 5 year fixed 75% £995 5.90% 5.75%
RIO Retention 5 year fixed (fee free) 75% £0 6.05% 5.90%
Holiday Let Retention 2 year fixed 60% £995 5.95% 5.75%
Holiday Let Retention 2 year fixed (fee free) 60% £0 6.10% 5.90%
Holiday Let Retention 5 year fixed 60% £995 6.00% 5.90%
Holiday Let Retention 5 year fixed (fee free) 60% £0 6.15% 6.05%
Holiday Let Retention 2 year fixed 75% £995 6.15% 5.95%
Holiday Let Retention 2 year fixed (fee free) 75% £0 6.30% 6.10%
Holiday Let Retention 5 year fixed 75% £995 6.20% 6.10%
Holiday Let Retention 5 year fixed (fee free) 75% £0 6.35% 6.25%
Retirement Mortgage Retention 2 year fixed Based on age £0 5.90% 5.60%
Retirement Mortgage Retention 5 year fixed Based on age £0 6.00% 5.80%