Specialist lender Hodge has announced further rate cuts across its range of 50+ and RIO mortgage products this month.

Rates are dropping by up to 0.20%, and by as much as 0.15% on its RIO range of products.

The lender has also reduced rates on its professional mortgage product range by up to 0.20%.

The changes come into effect next week.

The Cardiff-based group offering a range of personal mortgage products, savings products to private and commercial clients, as well as lending to commercial clients nationwide.

Hodge business development director Emma Graham said: “These rate reductions are the latest in just a series of improvements we’ve made at Hodge in recent months to support borrowers with affordability and other issues affecting the market right now.

“As the markets have continued to settle, we have been able to continue implementing a number of changes to our products in response, which put us in a position to remain flexible to support the needs of our intermediary partners, and the customers they work with.

“This latest reduction in rates comes hot off the heels of a previous reduction in rates across our 50+ mortgages in mid-October, and so we’re really pleased to be able to improve upon this offering just a month later.”