Hodge is pleased to launch our fixed for life retirement interest only mortgage product.

As well as being fixed for life there are also no ERC’s at any point should the applicant decide they want to sell their property and downsize. (ERC’s apply for the first 8 years otherwise).

What’s a Hodge fixed for life RIO?

Retirement Interest Only mortgages are designed for older borrowers who want to use the value in their home to plan for retirement. They can borrow up to 70% LTV, pay the monthly interest, and repay the rest of the loan when they sell their home, move into care, or pass way.

What’s different about it?

We’re offering the UK’s first fixed rate for the life of the mortgage, providing more certainty than ever before. And, because out ERCs only apply for the first eight year (with downsizing protection from day one), our customers have peace of mind that, while their payments will stay the same, we’re flexible if things change in the future.

Who’s it for?

Our fixed for life RIO is for customers aged 50-88 who want to release the value in their homes, and can afford to keep up the monthly repayments. They might use it to pay off debt, fund their lifestyle, gift to family, make home improvements, or even go on a dream holiday.

Find out more

For more information, speak to one of our team or contact us on:
Tel: 0800 731 4076
Email: lendingsupport@hodge.co.uk
Web: hodgeforintermediaries.co.uk