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Hodge launches single buy-to-let loan for four-property portfolio

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  • 10/05/2019
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Hodge launches single buy-to-let loan for four-property portfolio
Hodge Bank has launched a portfolio buy-to-let product which allows professional landlords with four or more properties to manage their entire portfolio with a single loan.

 

At present the loan can only be applied for directly through Hodge and is offered as a five-year fixed rate from 4.2 per cent with interest-only options available.

It is available to limited companies and LLP structures, with a minimum loan size of £250,000 has a maximum loan term of 25 years.

The lender said it was designed for “acquisitive landlords who are seeking to grow their established buy-to-let portfolio, trade their assets, or utilise their portfolio equity to support new purchases”.

Hodge managing director of commercial lending Kevin Beevers said the product was the result of extensive feedback from customers and it was “incredibly excited” to introduce it.

“The launch is part of a series of huge developments across Hodge to create more tailored products for our customers, innovate the market and grow our overall commercial lending proposition,” he said.

“Our vision is to continue to grow and evolve our proposition and help our customers grow their own businesses and portfolios along with us,” he added.

 

 

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