Hodge Bank has lowered rates by as much as 0.30% across its residential mortgage range.

The reductions come following December’s Bank of England base rate reduction and reflect what is describes as a “growing confidence in the mortgage market”.

Rate reductions have been made to its two- and five-year fixed resi retire range which have been cut by up to 0.28% and 0.30%, respectively.

In addition, Hodge has trimmed the price of its five-year fixed resi rates by up to 0.30% and its holiday let five-year fixed rates by as much as 0.15%.

The lender’s two- and five-year fixed rate RIO products have also been lowered by 0.20% and 0.18% respectively.

Rates will come into effect at 9am on tomorrow (9 January) and apply to all of Hodge’s residential mortgage products.

Hodge business development director Emma Graham says: “With a renewed sense of confidence in the housing market following December’s base rate reduction, it’s great to kick start 2026 with rate reductions of up to 0.30% across our entire mortgage range.”

Elsewhere, Halifax Intermediaries has announced it will also trim its price from tomorrow.

The bank has made reductions of up to 0.16% on its homemover, first time buyer range.

Commenting on the changes at Halifax, Trinity Financial product and communications director Aaron Strutt says: “Halifax is lowering its rates now that two of its main competitors have made pricing improvements. All these price cuts so early in the year are good news for borrowers, especially those keen to get on the property ladder or remortgage.”

Earlier today Barclays announced it is making a slew of competitive new year mortgage rate cuts that are already being welcomed by brokers.