Hodge has boosted its portfolio buy-to-let range by introducing a range of measures that includes increasing its maximum loan to value to 75%.

The specialist lender has also raised the LTV for multi-unit freehold blocks for up to 15 units to 70%.

And finally, it launches a variable rate product at 3.25% over Bank of England base rate, which it says offers customers an alternative to their five-year fixed-rate loan. 

The lender says its portfolio buy-to-let loans are designed for landlords with four or more properties, looking for a single loan to cover them all.

Hodge head of commercial propositions Mike Clifford says: “Here at Hodge, we’re always keen to add to the flexibility of our products and develop them in line with what landlords and brokers are telling us.

“Our recent research into the market found that flexibility is key for landlords and brokers, with 40% of landlords saying that finding the correct mortgage is frustrating. 

“We’ve listened to these concerns, and come up with some changes to our product range that will give landlords greater choice in how they shape their lending; making managing their property portfolios more straightforward.”

Clifford adds: “In particular, the variable rate portfolio buy-to-let option will give landlords the option to select a rate that will reduce their early repayment charges significantly in the early years of the loan, while the fixed-rate option offers certainty over their interest costs – allowing them to select products that are right for them, depending on what their investment strategy is.”