Hodge has cut rates on its retirement interest-only mortgages and 50-plus home loan products.

The broker-only lender says its 50-plus loans with loans to value of 50% or 60% have been reduced by 30 basis points across the board.

While its RIO products with 50% LTV are cut by 20 basis points.

The deals are:

A 50-plus Mortgage five-year fixed-rate offer at 50% LTV at 2.70%, from 3.00%.

A 50-plus mortgage two-year fixed-rate loan at 60% LTV at 2.89%, from 3.19%.

A 50-plus mortgage five-year fixed-rate deal at 60% LTV at 2.90%, from 3.20%.

A 50-plus mortgage two-year fixed-rate discount offer at 60% LTV at 2.79%, from 3.09%.

And a RIO mortgage five-year fixed-rate loan at 50% LTV at 2.90%, from 3.10%.

Hodge business development director Emma Graham says: “Hodge is constantly looking to help our intermediary partners in offering competitive and flexible products and this is our latest move to do just that.

“As a specialist lender in a highly competitive market-place we’re delighted to launch these lower rates across our later life propositions.

“These reductions in parallel with our common-sense approach to lending and our underwriter’s willingness to assess cases on their own merits means we can now support more of your customers with their lending needs.”