This latest rate drop comes after the intermediary only lender also reduced the rates on its 50+ and RIO mortgage products by 0.30% and 0.20% respectively.

Emma Graham, business development director at Hodge, said: “Here at Hodge we are always striving to work collaboratively and listen to the wants and needs of our intermediary partners, and that’s why we have made this rate reduction for our holiday-let product.

“The holiday-let market has had a bumper year, with the pandemic and lockdowns restricting holiday choices for many and attracting new people to the market, and as a result it has been a very popular mortgage product in a very competitive market.

“So, it is great to be able to offer this rate reduction on our holiday-let products, as well as our flexible way of lending and assessing applications on a case by case basis, further helping our intermediary partners get their customers the mortgages they need at the right rate.”