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 want to group their properties together, according to the firm.

The new product is also available to ltd. companies and LLP structures.

Hodge managing director of commercial lending Kevin Beevers comments: “The launch is part of a series of huge developments across Hodge to create more tailored products for our customers, innovate the market and grow our overall commercial lending proposition.

This comes after the firm cut rates, lowered the age limit, and introduced fee-free options across its RIO mortgage products, earlier this week.

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