Hodge cuts holiday let mortgages

Hodge has cut rates on holiday let mortgages by 0.1% – as its 2-year fix now stands at 3.7% to 75% loan-to-value.

There is also a 5-year fix to 75% LTV, which has been cut from 4.05% to 3.95%.

Both come with a £995 fee.

The lender also offers holiday let mortgages at 50% and 60% LTV.

The products allow loan sizes between £50,000 and £1.5m for properties between £120,000 and £10m.

Valuation fees are free on properties worth up to £1m.

Emma Graham, business development director at Hodge, said: “The holiday let market has had a bumper year, with the pandemic and lockdowns restricting holiday choices for many and attracting new people to the market, and as a result it has been a very popular mortgage product in a very competitive market.

“So, it is great to be able to offer this rate reduction on our holiday let products, as well as our flexible way of lending and assessing applications on a case-by-case basis, further helping our intermediary partners get their customers the mortgages they need at the right rate.”

Leave a Reply