The bank has launched a two-year fixed rate of 5.85%, a three-year fixed rate of 5.99%, and a variable rate option at 3.25%/BBR in line with broker feedback.
The new five-year fixed rate option, meanwhile, is available at 6.25%.
Hodge’s SRI product is designed for portfolio landlords with four or more properties including houses, flats, MUBs, HMOs, and semi commercial properties.
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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.”
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