"Lending from the age of 21, both up to and into retirement, our manual underwriters adopt a flexible approach to underwriting, reviewing each case individually, adding a human touch and putting the customer at the heart of the decision-making process"
- Emma Graham - Hodge
Specialist lender Hodge has announced that it has lowered select 2-year fixed rates across its full mortgage range, covering both new business and retention products.
The lender recently increased the maximum loan-to-value (LTV) on its Resi and Resi Retire products to help borrowers lend up to and into retirement. It has now reduced RIO rates by up to 0.25%, with similar cuts across its Resi Retire proposition. Other products have seen average reductions of around 0.15%.
Emma Graham (pictured), business development director at Hodge, commented: “These rate reductions will help brokers provide better value to their customers looking for a specialist mortgage solution.
“Lending from the age of 21, both up to and into retirement, our manual underwriters adopt a flexible approach to underwriting, reviewing each case individually, adding a human touch and putting the customer at the heart of the decision-making process.”
As a criteria-led lender, Hodge regularly adjusts its products based on customer and broker feedback. Last year, for example, the lender removed the age 50 limit on its Resi Retire proposition.
Emma added: “We want to support customers with complex income and unique financial stories to not only get on the property ladder but to stay on it and remain in their homes when they reach retirement.”
