Brilliant Solutions

The internet is down in our Head Office.  Staff continue to answer the phone and respond to messages but understandably response times and service standards are affected.  Please contact your Relationship Manager directly if you have any urgent issues.  Thank you.

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

Hodge Update

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

Criteria Enhancement Holiday Let – Increase in rental yield to 30 weeks occupancy

Great news! We will now accept 30 weeks occupancy as a rental yield projection for our holiday let mortgages.  

Hodge previously allowed calculated rental income using an average of projected low, medium and high season weekly rental yield based on 26 weeks occupancy but this has now increased by four weeks to 30.

Emma Graham, business development director for Hodge, said of the change: “We constantly talk to our broker colleagues and ask them how we can improve our products. They suggested a few things. We  listened and now this new 30-week occupancy calculation change has been made.  

See more about our criteria.

You asked, we listened – exciting criteria enhancements

You asked, we listened – We always take your feedback on board and we’re excited to announce some criteria enhancements. We’ve made these changes so you can help even more customers and grow your business, at Hodge, we’re always working with you.

Our criteria enhancements: 

  • We’ve reduced our minimum property value from £120,000 down to £100,000 across all our mortgages.
  • We’ll now accept traditional Scottish tenement flats.
  • We’ll now accept properties with private drainage (septic tanks) and we’ll consider properties with shared drainage provided legal arrangements are in place for maintenance and access.
What makes us different?

For 50+ and RIO Mortgages, at Hodge we:
  • Consider earned income, both employed and self-employed, up to a maximum age of 80
  • Look at both pre and post retirement income, there’s no upper age limit if the mortgage is affordable on pension income
  • Can lend up to six times income on a like-for-like remortgage
  • Lend from age 50 with a maximum term of 41 years for 50+ with no end date for RIO
  • Only need one client to be aged 50, we can look at a second applicant under 50 in this instance
For Holiday Let Mortgages, at Hodge we…
  • Don’t require a minimum income
  • Allow 90 days personal occupancy
  • Accept first time landlords and Air B&B with up to 3 properties considered
  • Lend from aged 21 to age 95
  • Offer enhanced rental calculation for 5 year fixed
  • Consider non-owner occupiers 
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