Rate cuts of up to 0.22% have been applied to the Resi Retire range, while RIO rates have been reduced by up to 0.15%.
Within its Resi Retirement range, two-year fixed rates have fallen by up to 0.12%, while five-year fixed rates have reduced by up to 0.22% at 60% and 75% loan to value (LTV).
The lender has reintroduced its 60% LTV £995 fee products, offering a lower-fee option for customers seeking greater flexibility.
Following the LTI enhancements which apply across the Resi, Resi Retirement and RIO ranges, borrowers with incomes above £40,000 have access to increased borrowing potential and the ability to lend up to six times their income.
Emma Graham (pictured), business development director at Hodge Bank, said: “This update enables us to support more customers as they plan their finances. It also expands opportunities for older first-time and second-time buyers, as well as those releasing equity to meet a wide range of needs.”
Aldermore Insights with Jon Cooper: Edition 9 – Why lending strategy is becoming more central in buy to let
Sponsored by Aldermore
These changes follow a number of recent criteria enhancements including lending up to 95% LTV and interest-only up to 80% LTV.
