Hodge has lowered new business rates across its entire range by up to 0.8 per cent, alongside a cut for its retention rates.
It is the latest lender to cut rates, with companies including HSBC, LendInvest, Bluestone Mortgages, Gen H, Halifax and Leeds Building Society.
The changes will come into force from 9am on 4 January.
In its new business range, the lender will be reducing all 50-plus rates by 0.7 per cent, along with retirement interest-only (RIO) two-year fixed rates.
Five-year fixed RIO rates will fall by up to 0.4 per cent and professional mortgage rates will go down by around 0.6 per cent.
Holiday let rates will decrease by around 0.8 per cent, the largest reduction.
In a broker note, the firm said of the new business and retention rate changes: “We’ve been working diligently to enhance our products and criteria to support you.
“Starting 2024 with good news for you and your clients, helping customers in the moments that matter.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
