Hodge has brought out two short-term fixed rates on its specialist residential investment finance product, a five-year fixed deal and a longer-term variable rate option.
The lender said that broker and client feedback showed there was heightened demand for shorter-term fixed deals.
The two short-term fixed deals for its SRI product include a two-year fixed rate at 5.85 per cent, a three-year fixed rate at 5.99 per cent and a variable rate option at 3.25 per cent.
Hodge said that the SRI range is designed to help landlords and investors with portfolios of four or more properties, which covers houses, flats, multi-unit blocks (MUB), houses in multiple occupation (HMO) and semi-commercial properties.
The lender’s residential investment experts work with the landlords to “deliver structured bespoke loans that work best across varied property portfolios”.
Gareth Davies, head of business development for commercial lending at Hodge, said: “It’s been a tumultuous time in the commercial and residential property markets, so we’ve been talking with our clients and brokers about what they are currently looking for in a residential investment product and how we can best support them.
“The overwhelming feedback was that a short-term fixed product was needed – so that’s what we have worked to quickly develop, to be offered alongside the 5-year fixed rate offering.
“We hope the introduction of the new SRI rate options will provide brokers and clients with additional flexibility to support them in achieving their business goals.”
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.