As of 2nd July 2018, improvements will be made to the following products:

• 55+ Mortgage
• 55+ RIO Mortgage

55+ Retirement Interest Only Mortgage:

• Maximum Loan Value –  £1m  (was  £500k)
• Maximum Property Value – £3m (was £1m)

55+ Mortgage:

• Maximum Loan Value – £1m  (was £500k)
• Maximum Property Value – £3m (was £1m)
• Minimum Equity – £100k (was £150k)

Updated documents will be available on the Hodge for Intermediaries website from 2^nd July.

Updated parameters will apply to all new business applications received from 3^rd July. Any DIPs and applications already submitted will move across to the new parameters on 3^rd automatically.

Please contact our support team on 0800 731 4076 for further information.