Hodge is increasing rates on some of its holiday let mortgages by up to 25 basis points.

The lender has emailed brokers to warn them about the rate rises that will take place on Tuesday October 20.

The following 75 per cent loan-to-value deals will be going up:

• Two-year fixed £995 fee will increase from 3.65 per cent to 3.85 per cent 
• Two-year fixed £0 fee will increase from 3.80 per cent to 4.05 per cent 
• Five-year fixed £995 fee will increase from 4.05 per cent to 4.25 per cent 
• Five-year fixed £0 fee will increase from 4.20 per cent to 4.40 per cent

Lower LTV holiday let rates will remain unchanged.

To secure the current rates, brokers will have to submit decision in principle applications by close of business on Friday and full applications by 9pm on Monday 19 October.