Hodge extends its portfolio BTL loan to broker market

Hodge Bank has announced that it will extend its portfolio buy-to-let offering to the broker market for 16 July.

Originally the offering, which has an initial five-year fixed rate of 4.2 per cent, was launched in May 2019 through limited distribution.

According to the lender, the product is for landlords with four or more residential properties, has a minimum loan size of £250,000, a maximum loan term of 25 years, and reverts to the bank’s SVR once the term ends.

Hodge Bank managing director of mortgages Matt Burton says: “Hodge portfolio BTL was the result of extensive feedback from our customers, the decision to make this product available through intermediary networks is in response to the number of enquiries we have received.

Legal & General Mortgage Club head of lender relationships Danny Belton adds: “Hodge has shown before it is not afraid to enter into new markets and done so with a good degree of success.

“This new BTL offering [is] a proposition that offers much-needed criteria to certain areas of this market and will add value to landlords and advisers alike.”


Houses, house, property, monopoly

Hodge launches portfolio BTL loan

Hodge has announced the launch of a new portfolio buy-to-let loan. The loan is a five-year fix at 4.2 per cent. The offering includes a maximum loan value of £250,000 and a maximum term of 25 years. In addition, interest-only options are available. The loan is designed for landlords with four or more properties who […]


Hodge overhauls RIO offering

Hodge has cut interest rates across all its retirement interest-only mortgages, lowered the age limit and introduced fee-free options. The retirement specialist has introduced a RIO product with an interest rate of 3.1 per cent, which it claims is the lowest on the market. As well as cutting rates across its range, Hodge has introduced […]


Hodge Lifetime’s Steve Cox joins Fleet Mortgages

Specialist lender Fleet Mortgages has appointed Steve Cox as its new distribution director. Cox most recently worked at Hodge Lifetime as business development director with responsibility for lifetime and equity release sales; he held the role since April 2016. Prior to this Steve spent eight years as head of commercial development at Sesame Bankhall Group. […]


Barclays trims mortgage rates

Barclays is making modest reductions to the cost of its residential and buy-to-let mortgage ranges.  The biggest reductions are on its buy-to-let products. Its two-year fixed-rate buy-to-let loan (at 60 per cent LTV) will see rates cut from 2.28 per cent to 2.21 per cent. This product has no upfront fee and is available to […]

Health - thumbnail

Absence management systems gone AWOL from UK’s SMEs, reports Jelf

A quarter (23 per cent)* of the UK’s small to medium-sized enterprises (SMEs) do not have an absence management system in place, according to new research from Jelf Employee Benefits. Despite 69 per cent* of organisations having a system in place, three-quarters (75 per cent) report that it is not providing them with sufficiently empowering absence or health data to inform an effective wellbeing programme.


News and expert analysis straight to your inbox

Sign up

Why register with Mortgage Strategy?

Mortgage Strategy continues to be the market-leading B2B mortgage publication in the UK, and provides trusted, independent insight with the aim of helping, promoting and analysing the latest developments for mortgage professionals.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Mortgage Strategy Events
Be the first to hear about our industry leading conferences, awards, webinars and more.

Research and insight
Take part in and see the results of Mortgage Strategy's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now