In June, after a successful limited launch earlier in the year, we introduced our Portfolio Buy-to-Let product to the whole of market. Over the past few months, we’ve had lots of great feedback, and have made some changes to our product as a result. Here, Emma Graham, our Business Development Director, answers some of your frequently asked questions about our Portfolio Buy-to-Let offering.
What is the Hodge Portfolio Buy-to-Let product?
Our Portfolio Buy-to-Let product is a single loan facility that covers some, or all, of a customer’s portfolio. Rather than having multiple mortgages on different buy-to-let properties, our product means one product fee, one fixed rate, one lender, and less paperwork – making it easier for clients to manage – and grow – their portfolio of properties.
Who is it for?
Unlike some of our products, our Portfolio Buy-to-Let loan is not only for the later life market. If you’re a professional landlord, Limited Company, or LLP – with four properties or more – you can make use of our loan.
Why did you introduce it?
We know that professional landlords are busy people, and they’re often very time-poor. We noticed a real gap in the market to make it easier for them to manage their entire portfolio under one roof – rather than keeping track of multiple loans.
The features of our loan are all about making things quick and easy, and to assess each case on its own merits. Because of that, we underwrite everything manually – so that we can take into account all the detailed features of a portfolio, rather than underwriting via a computer or scorecard. Our clients have access to dedicated relationship support from application, through underwriting, right through to completion.
We’ve structured the loan to make it easy for clients to grow their portfolio too – allowing them to flexibly manage and make use of the equity in their portfolio, whether that’s switching properties in and out, or using the loan to raise capital.
What makes it different from other products on the market?
It’s the flexibility that we’ve focused on – in a way that other lenders don’t. We’ve listened to what our brokers have told us their clients want, and we’ve responded to that. That’s where features like the fact that it’s a single loan, covering the whole portfolio, and the ability to raise capital or swap properties, comes in. We know consistency is important to maximise efficiency, too – which is why all our clients have their own relationship manager who’ll understand their portfolio inside out.
Following your feedback, we’ve introduced even more options, and we’ve changed our rate. Now, clients can benefit from different LTV options, meaning they’ve got more choice to manage their properties as they’d like. You can view our current rates and options here.
How can customers access the Hodge Portfolio Buy-to-Let?
Like all our mortgage products, our Portfolio Buy-to-Let product is only available via an intermediary.
For more information, contact your local BDM, or give us a call on 0800 138 9109.
Emma Graham, Business Development Director