NEW PRODUCT – 2 Year Retirement Mortgage

News Why Hodge

As of the 23rd of April, we’re adding to our popular 5-year fixed rate Retirement Mortgage.

Introducing the 2 year, fixed rate Retirement Mortgage from Hodge with a rate of 3.45%, available from 23rd April 2018.

About the Retirement Mortgage

Our popular hybrid Equity Release mortgage, offers monthly interest only servicing based on affordability and the option to convert to roll-up when youngest client reaches age 80. It can be used for many purposes from re-mortgage, gifting to family to buying a holiday home.

High 50% LTV’s from age 55, this product offers loans from £20,000 to 500,000

What does a Retirement Mortgage customer look like?

Aged between 55-85, this customer is looking for a mortgage that isn’t traditional equity release. They may still be working, have a current mortgage and are looking for a good LTV with the ability to make or continue monthly interest only repayments.

They have a decent level of income, whether it comes from employment, self employment, property rental, investment or pensions. They like the idea of flexibility, and want a mortgage that can change with them. Fixed ERC’s and the option to convert to roll up later in life appeal. They want control over how much is left to family when the time comes.

  • LTV’s from 50% at age 55
  • Fixed ERC’s (5yr fix 5,4,3,2,1% yrs 1-5, 2yr fix 3% yrs 1 & 2)
  • Loans from £20,000 to £500,000
  • Make additional payments of up to 10% a year penalty free from day 1
  • Based on affordability both pre and post retirement


*NEW* Retirement Mortgage 2 year fix – 3.45%
Retirement Mortgage 5 year fix – 3.85%

*reverts to SVR, with the option to re-fix

Why Hodge?

We strive to understand the needs of older borrowers and create products they want. With over 50 years in the later life market, we make interest only lending to over 55’s accessible.

We understand sometimes the application process can seem difficult, but we’re here for you. We’ve a dedicated team of business development executives waiting for your call, just get in touch.

Want a helping hand? Give us a call:

Rachael Williams (South East) – 02920 803006

Joe Morriss (Midlands) – 02920 803007

Shane Brown (South West) – 02920 803009

For KFI’s or general advice call 0800 731 4076, our personal and friendly service means we can e-mail KFI’s
or other documents to you in a matter of minutes.

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