Here is the latest update from the Hodge Bank. You can access their full product set, including equity release via our mortgage club as well as some packaged mortgage options too.
Latest Announcement from Hodge Bank
It’s name is RIO and it’s rates are on the fall
From 9am on Friday 27th October, new business rates will reduce across our RIO range by up to 0.40% and our retention rates will follow suit.
So, what is changing for new business exactly?
- Reduced rates on our RIO products start from 6.55% on our 5 year fixed
- Reduced rates on our 2 year fixed RIO products starting from 6.85%
We’ve been working hard behind the scenes to find more ways to support you and your clients in the moments that matter.
Keep an eye out for even more good news very soon.
From Friday, you’ll be able to browse the full list of reduced rates on the Hodge website.
Reduced new business rates live from 9am on 27th October >>
From Friday 27th October, retention rates will also reduce.
What’s changing for retention?
- New rates on our 5 year fixed RIO products start from 6.35%
- New rates on our 2 year fixed RIO products start from 6.55%
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Providing you with responsible, specialist mortgages remains at the forefront of our decisions.
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For up to date details of all our rates and criteria visit our intermediary site.If you want to know more about re-fixing rates for your customers, it’s here.