Hodge has reintroduced its standard portfolio buy-to-let (PBTL) product.
Hodge has reintroduced its standard portfolio buy-to-let (PBTL) product.
In addition, it has launched a specialised residential investment proposition.
The former product is for landlords with debt requirements of up to £5m or 15 properties, with rates from 3.55%.
Meanwhile, the specialised residential investment product is aimed at landlords with larger portfolios or those with specialised assets, such as houses of multiple occupancy or multi-unit freehold blocks.
It will allow the lender to support landlords with debt requirements ranging from £500,000 to £10m.
In addition, there is no cap on the number of properties owned and rates for this product start from 3.75%.
Both products provide landlords with one loan secured by multiple properties.
As a result, landlords can add properties to the loan as their portfolio grows, or potentially recycle equity within their portfolio as assets are traded.
Furthermore, the two products are both available to Ltd company, LLP, or individual borrowers.
Mike Clifford, head of buy-to-let at Hodge, said: “We have been very successful with our flexible PBTL product, but felt that to better serve landlords across the spectrum we needed a specialist product that can adequately cater for those with complex needs.
“Particularly those larger landlords who have a portfolio that require specialist underwriting capabilities.
“Hodge’s offering is about flexibility and finding solutions that work for our customers and brokers, that’s why we underwrite and manage all our or loans on a portfolio, rather than individual asset basis.”
“We realise that not all property portfolios are the same and work with brokers and landlords to help them achieve their strategic aims with these loans.
“We believe by introducing products such as this, we can better support investors, allowing them to focus on managing their portfolios.”
