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
Rate changes from Hodge 29th July 2022
We are reducing our interest rates across our Holiday Let product and increasing our interest rates across our RIO Mortgage product. The rate changes will take effect from 9am on Friday 29th July.
Key information:
- Rates are changing from 9am on Friday 29th July 2022
- Holiday Let rates (75% LTV rates) are reducing by 10bps
- RIO Mortgage rates are rising by between 10-20bps
- DIPs must have been submitted by 5pm on Wednesday 27th July
- To secure current rates full applications must be submitted by 5pm on Thursday 28th July
- To view our full list of current products & rates please click here.
We appreciate the challenge you face at this time with a number of lenders withdrawing and changing their interest rates. We hope by giving you as much notice as we can, you’ll have time to prepare your clients.
| Product range | Product | Max LTV | Current rate | New rate as of 9am, 29th July 2022 |
| RIO | 2 year fixed | 60% | 4.55% | 4.75% |
| RIO | 2 year fixed (fee free) | 60% | 4.65% | 4.85% |
| RIO | 5 year fixed | 60% | 4.60% | 4.80% |
| RIO | 5 year fixed (fee free) | 60% | 4.70% | 4.90% |
| RIO | 2 year fixed | 75% | 4.75% | 4.85% |
| RIO | 2 year fixed (fee free) | 75% | 4.90% | 5.00% |
| RIO | 5 year fixed | 75% | 4.95% | 5.05% |
| RIO | 5 year fixed (fee free) | 75% | 5.10% | 5.20% |
| Holiday Let | 2 year fixed | 75% | 5.10% | 5.00% |
| Holiday Let | 2 year fixed (fee free) | 75% | 5.20% | 5.10% |
| Holiday Let | 5 year fixed | 75% | 5.25% | 5.15% |
| Holiday Let | 5 year fixed (fee free) | 75% | 5.40% | 5.30% |