Hodge Bank

Hodge Bank receives £150m of enquiries for portfolio BTL in two months

Hodge Bank has received £150m of enquiries for its BTL product in just two months.

The specialist bank’s portfolio BTL — which was launched in May — is now being offered to the whole of the market due to high demand for the product.

Hodge’s product is designed to meet the needs of professional landlords with a portfolio of four or more residential properties and offers landlords the flexibility to manage their portfolio as one with the security of fixed rates.

The product is tailored to suit acquisitive landlords who are seeking to grow their BTL portfolio, trade their assets or utilise their portfolio equity to support new purchases.

“Hodge portfolio BTL was the result of extensive feedback from our customers,” said Matt Burton, managing director of mortgages at Hodge. 

“The decision to make this product available through intermediary networks is in response to the incredible number of enquiries we’ve received since 8th May.”

Danny Belton, head of lender relationships at Legal & General Mortgage Club, added: “Hodge has shown before it’s not afraid to enter into new markets and done so with a good degree of success.

“This new BTL offering looks to be no exception.

“It’s a proposition that offers much-needed criteria to certain areas of this market and will add value to landlords and advisers alike.”

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