Hodge
Hodge Bank is a Cardiff-headquartered UK specialist bank (est. 1965) offering FSCS-protected retail savings, specialist residential mortgages for complex-income and retirement borrowers, and real estate finance for property developers and investors, distributed digitally and via intermediary brokers.
- Company typePrivate
- Founded1965
- HeadquartersCardiff, United Kingdom
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What Hodge does
Hodge Bank (legal entity Julian Hodge Bank Limited) is a Cardiff-headquartered UK specialist bank established in 1965, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority under registration 204439. The bank operates three product pillars: retail savings (Easy Access accounts, Fixed Rate Bonds, and Cash ISAs with rates ranging from 4.01% to 4.71% AER and FSCS protection up to £120,000), specialist residential mortgages (Resi for complex-income borrowers up to 95% LTV, Resi Retire for retirement borrowers, Retirement Interest Only, and Holiday Let), and Real Estate Finance (development and investment finance for property professionals). All eligible deposits are FSCS-protected. The company transitioned to a fully online-only digital bank in 2024, discontinuing branch, phone, email and post account servicing while retaining telephone support and intermediary channels.
Technology is centred on an in-house online banking platform with two-factor authentication, account management, and maturity instruction submission. Payment processing is delivered through fintech partner Modulr, providing real-time Faster Payments, CHAPS and Confirmation of Payee services. Mortgage underwriting for complex cases is explicitly manual rather than automated, accepting self-employed, contractor, freelance, multi-source and non-contractual income streams that fail automated 'tick box' criteria at mainstream lenders. The bank is FCA- and PRA-regulated with documented Consumer Duty commitments.
Distribution is dual-channel: savings products are sold direct-to-consumer via the digital platform, while all mortgage products are sold exclusively through independent financial advisers and mortgage brokers via the 'Hodge for Intermediaries' portal, supported by a BDM team, criteria tools, calculators, case studies and documented SLAs. Real Estate Finance is distributed directly to property developers and through channel partnerships including FIBA (June 2023) and Brickflow's development finance marketplace (July 2025). Revenue is generated primarily through the net interest spread between deposit rates paid to savers and lending rates on specialist mortgages and real estate finance. For the year to September 2025, Hodge reported a £3.5m net operating loss and a £5.8m pre-tax loss, attributed to a multi-year modernisation programme and a challenging economic environment, alongside 8% loan book growth and over £380m in new lending across Specialist Mortgages, Real Estate Finance and Motor divisions. The bank serves tens of thousands of UK retail savers plus specialist borrower segments including complex-income earners, retirees aged 50+, holiday let operators, portfolio landlords, and mid-market property developers.
Hodge firmographics
Firmographics- Name
- Hodge
- Legal name
- Julian Hodge Bank Limited
- Website
- https://hodgebank.co.uk
- Company type
- Private
- Founded year
- 1965
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Hodge Bank is a Cardiff-headquartered UK specialist bank (est. 1965) offering FSCS-protected retail savings, specialist residential mortgages for complex-income and retirement borrowers, and real estate finance for property developers and investors, distributed digitally and via intermediary brokers.
- Ownership category
- akta.pro rank
Hodge industry classification
Industry- Product category
- Specialist Banking
- NAICS
- Depository Credit Intermediation (5221), Finance and Insurance (52)
- SIC
- Mortgage Bankers & Loan Correspondents (6162), Personal Credit Institutions (6141)
- akta.pro primary industry
- Mutual Savings Banks & Mutual Thrifts (FSABAEAD)
- akta.pro secondary industries
- Balance-Sheet / Portfolio CRE Lending (FSALADAG), Tax-Advantaged Investing & Wrappers (ISA, 529, Insurance Bonds, etc.) (FSAAAAAL), Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF)
Keywords
Where Hodge is headquartered
LocationHeadquarters
- HQ city
- Cardiff
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Hodge business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Mortgage Lending Interest: Hodge generates revenue by originating specialist mortgages including residential, retirement interest only (RIO), holiday let, and real estate finance loans. Interest income is earned on the loan portfolio across Specialist Mortgages, Real Estate Finance, and Motor lending divisions. The company reported over £380m in new lending across these divisions.
- Retail Savings Deposits: Hodge accepts retail customer deposits through savings accounts (Easy Access, Fixed Rate Bonds, Cash ISAs), using those deposits to fund its lending activities. The company pays competitive interest rates to savers (e.g., Easy Access at 4.01% AER variable, Fixed Rate Bonds from 4.60% to 4.71% AER, Cash ISAs from 4.55% to 4.66% AER) and earns the spread between lending rates and deposit rates.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | Easy Access Savings Account - 4.01% AER variable rate |
| Subscription | Annual | 1 Year Fixed Rate Bond - 4.60% AER fixed |
| Subscription | Annual | 2 Year Fixed Rate Bond - 4.71% AER fixed |
| Subscription | Annual | 3 Year Fixed Rate Bond - 4.61% AER fixed |
| Subscription | Annual | 5 Year Fixed Rate Bond - 4.65% AER fixed |
| Subscription | Annual | 1 Year Fixed Rate Cash ISA - 4.55% AER tax-free fixed |
| Subscription | Annual | 2 Year Fixed Rate Cash ISA - 4.66% AER tax-free fixed |
| Subscription | Annual | 3 Year Fixed Rate Cash ISA - 4.61% AER tax-free fixed |
| Subscription | Annual | 5 Year Fixed Rate Cash ISA - 4.66% AER tax-free fixed |
| Other | Monthly | Resi Mortgage - Complex income residential mortgage |
| Other | Monthly | Resi Retire Mortgage - Retirement residential mortgage |
| Other | Monthly | Retirement Interest Only (RIO) Mortgage - Lifetime interest only |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels9 records
Hodge product offering
Product offeringCore offering
Hodge is a UK specialist bank offering personal savings products (Easy Access accounts, Fixed Rate Bonds, Cash ISAs), specialist residential mortgages (Resi, Resi Retire, Retirement Interest Only, Holiday Let), and Real Estate Finance (Development Finance and Investment Finance) for property developers and investors. Savings products are sold direct-to-consumer through an online-only platform, while mortgages are distributed exclusively via independent financial advisers and mortgage brokers.
Product overview
Hodge is a specialist UK bank offering a comprehensive suite of financial products through digital channels. The core offering comprises three main pillars: personal savings products (Easy Access accounts, Fixed Rate Bonds, and Cash ISAs), specialist mortgages (Resi for complex income borrowers, Resi Retire for retirement, RIO lifetime mortgages, and Holiday Let products), and Real Estate Finance (Development and Investment Finance). All products are managed through an online banking platform with digital account management capabilities. The bank operates exclusively as an online-only institution following its 2024 digital transition, with intermediary distribution for mortgage products.
Differentiator
Problem solved
Functional benefit
Products and services
- Savings Accounts Personal savings accounts including Easy Access, Fixed Rate Bonds, and Cash ISAs with competitive interest rates and online account management. FSCS-protected up to £120,000 per depositor.
- Easy Access Savings Account Flexible savings account with a variable interest rate of 4.01% AER, unlimited deposits and withdrawals, no fixed term, minimum deposit £1, maximum balance £250,000.
- Fixed Rate Bonds Fixed interest rate savings accounts for terms of 1, 2, 3, or 5 years with rates from 4.60% to 4.71% AER. Minimum deposit £1,000, maximum £1,000,000, no withdrawals during the term.
- Cash ISAs Tax-efficient individual savings accounts with fixed interest rates from 4.55% to 4.66% AER for 1 to 5 year terms. Annual allowance £20,000, new subscriptions only.
- Resi Mortgage Specialist residential mortgage for borrowers with complex income streams including self-employed, contractors, freelancers, and those with multiple or non-contractual income. Available up to 95% LTV, distributed through mortgage brokers.
- Resi Retire Mortgage Residential mortgage designed for retirement borrowers considering pension, rental, and investment income. Up to 95% LTV repayment or 80% LTV interest-only, distributed via mortgage brokers.
- Retirement Interest Only (RIO) Mortgage Interest-only mortgage with no end date for borrowers aged over 50. Borrowing up to 75% LTV with interest payments until the borrower moves into long-term care or passes away.
- Holiday Let Mortgage Specialist mortgage for purchasing or restructuring holiday let properties, available for portfolio landlords and property investors, with 2-year and 5-year fixed rate products.
- Development Finance Financing solutions for professional property developers to fund new construction, residential and commercial development projects across the UK.
- Investment Finance Financing solutions for property investors for commercial and residential investment properties, supporting portfolio expansion and acquisition.
Quantifiable outcome
- 8% loan book growth with over £380m in new lending across Specialist Mortgages, Real Estate Finance, and Motor divisions
- +3 more outcomes
Companies that use Hodge
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles5 records
Hodge technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature3 records
Hodge partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- FIBA (Finance & Leasing Association)coreHodge joined FIBA as a lender partner, providing its development finance and commercial lending products visibility through FIBA's network of commercial finance brokers. FIBA is the UK's leading trade body for commercial and asset finance brokers.
- Eco Approach (formerly Propflo)minorHodge partnered with Eco Approach to offer Hodge mortgage customers free access to GreenVal, a property retrofit platform providing energy efficiency reports with cost estimates and savings projections. Available to both new and remortgaging customers.
- ModulrcoreHodge partnered with fintech Modulr to provide an enhanced payments experience for savings customers. Modulr provides payment infrastructure enabling Faster Payments, CHAPS, and Confirmation of Payee services. Hodge customers benefit from real-time balance visibility and payment tracking 24/7.
- SerominorHodge made a major investment in Sero, a net zero technology company, alongside Legal & General. Sero provides technology to support home energy efficiency and retrofitting. Hodge made a further investment in Sero in May 2023.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Hodge competitors and assessment
Company assessmentDirect peers
- Cumberland Building Society: UK mutual savings and mortgage provider with regional roots and intermediary mortgage distribution. Comparable product set (residential, complex income, savings) and similar deposit-funded lending model.
- Shawbrook Bank: UK challenger bank offering specialist buy-to-let, complex-income, and commercial real-estate lending funded by retail savings. Comparable specialist-niche strategy and intermediated mortgage distribution.
- Aldermore Bank: UK challenger bank specializing in specialist mortgages, business lending, and savings — the closest direct analogue to Hodge in product mix, intermediary distribution, and deposit-funded lending model.
- OneSavings Bank (Kent Reliance): UK specialist lender and savings bank focused on buy-to-let, bridging, and complex residential mortgages via intermediaries. Directly comparable business model combining specialist lending with retail deposit funding.
- Cambridge Building Society: UK mutual offering specialist residential mortgages, savings, and complex-income lending via intermediaries. Comparable focus on underserved borrower segments with flexible criteria.
- Bath Building Society: Smaller UK mutual specialist in complex income, self-employed, and later-life mortgages. Comparable niche strategy targeting underserved borrowers with flexible underwriting.
- Paragon Banking Group: UK specialist lender focused on buy-to-let, complex income, and later-life mortgages funded by retail savings. Highly comparable given its specialist mortgage origination and intermediary distribution strategy.
- Principality Building Society: Welsh-headquartered mutual savings and mortgage provider with intermediary mortgage distribution. Regional peer with very similar product set (savings, residential, complex income) and UK mutual-savings structure.
Emerging players
- Atom Bank: UK digital-only challenger bank offering savings and residential mortgages. Comparable digital-first operating model following Hodge's 2024 transition, but with broader mass-market positioning.
- Cynergy Bank: UK challenger bank focused on specialist residential, complex-income, and buy-to-let mortgages funded by retail savings. Comparable scale and specialist lending positioning, though with a more limited product range.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Hodge social profiles
Digital presenceHodge compliance and trust
Trust signalCompliance4 records
Hodge financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hodge leadership team
Management profileNumber of profiles
Profiles6 records
Hodge funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hodge M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hodge
What does Hodge do?
Hodge is a UK specialist bank offering personal savings products (Easy Access accounts, Fixed Rate Bonds, Cash ISAs), specialist residential mortgages (Resi, Resi Retire, Retirement Interest Only, Holiday Let), and Real Estate Finance (Development Finance and Investment Finance) for property developers and investors. Savings products are sold direct-to-consumer through an online-only platform, while mortgages are distributed exclusively via independent financial advisers and mortgage brokers.
Is Hodge a public or private company?
Hodge is a private company. It is classified as family owned and is currently operating.
When was Hodge founded?
Hodge was founded in 1965. It employs 251 to 500 people.
Where is Hodge based?
Hodge is headquartered in Cardiff, United Kingdom, in the Europe region.
How does Hodge make money?
Two revenue lines are on record. Mortgage Lending Interest is the primary driver. The others are retail Savings Deposits.
Who are Hodge's main competitors?
Direct peers on record are Cumberland Building Society, Shawbrook Bank, Aldermore Bank, OneSavings Bank (Kent Reliance), Cambridge Building Society, Bath Building Society, Paragon Banking Group and Principality Building Society. Emerging players are Atom Bank and Cynergy Bank.
Does Hodge have an API?
No public API is recorded for Hodge.
What industry is Hodge in?
Hodge's product category is Specialist Banking. Its primary akta.pro industry code is FSABAEAD, Mutual Savings Banks & Mutual Thrifts, with a secondary code of FSALADAG, Balance-Sheet / Portfolio CRE Lending. Its NAICS code is 5221 and its SIC code is 6162.