Hodge has revamped its portfolio buy-to-let offering, with the relaunch of its standard portfolio buy-to-let product and a new specialised residential investment proposition.
The specialised residential investment product is aimed at landlords with larger portfolios or those with specialised assets, such as houses of multiple occupancy (HMOs) or multi-unit freehold blocks (MUFBs).
This new proposition will allow Hodge to support to landlords with debt requirements ranging from £500,000 to £10 million.
Hodge’s flexible portfolio buy-to-let and specialised residential investment products provide landlords with one loan secured by multiple properties. This means landlords can add properties to the loan as their portfolio grows, or potentially recycle equity within their portfolio as assets are traded. Both products are available to limited company, LLP, or individual borrowers.
Its standard portfolio buy-to-let product is for landlords with debt requirements of up to £5 million or 15 properties, with rates from 3.55%.
Its specialised residential investment product has been designed for landlords with larger portfolios or those with specialised assets, such as HMOs, MUBs, or development refinance, with a maximum loan size of £10 million. There is no cap on the number of properties owned and rates for this product start from 3.75%.
Mike Clifford, head of buy-to-let at Hodge, said: “We have been very successful with our flexible portfolio buy-to-let 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.”