After the launch of its new Hodge Resi proposition with reduced rates in August, the specialist lender is following up with further reductions across its entire suite of mortgages in September.

This includes an average reduction of 25bps to rates across its 50+, RIO and Hodge Resi products both for new business and retention purposes.

New deals include a 50-Plus two- year fixed, 75% LTV with a 5.65% rate (previousy 5.95%).

A 50-Plus five year fix, 60% LTV with a 5.30% (previously 5.32%)

A RIO mortgage, two-year fix 75% LTV at a rate of 6.2% (previously 6.55%).

A Resi two-year fixed 75% LTV 6.15% (previously 6.35%) and a resi  five-year fixed rate 75% LTV at a rate of 5.75% (previously 5.95%).

Hodge business development director Emma Graham commented. “Hodge’s recent introduction of new products and reduced rates reflects our deepening commitment to developing customer-centric mortgage solutions and serving underserved areas of the market.”

“The reduction in rates will make our offering accessible to more borrowers from aged 21, helping brokers and customers,” she added.