Hodge Lifetime’s 55+ Interest Only Residential Mortgage
now available in Scotland
Following on from the successful launch of our
award winning 55+ mortgage
in England and Wales during 2016
we are delighted to confirm that from September 4th 2017 the product will be available for business in Scotland.
Product highlights:
Available to applicants between ages of 55 – 85
Free standard legal fee’s on re-mortgage cases
Free survey for properties worth up-to £350k
*discounted thereafter
Loan terms from 5 years
up to the youngest borrower’s 95th birthday
Repayment vehicles include downsizing,
sale of other UK properties or investments
Salary, self-employed, pensions,
investments, rental income
all accepted for affordability
Loans available for purchase,
capital raising and re-mortgage
from £20,000 – £500,000
Choice of rates from 2.99% (variable)
3.10% (2 year fix) and 3.30% (5 year fix)
Interest only mainstream mortgage
– No ER qualification required
The 55+ Mortgage by Hodge, a specialist in retirement lending, has been designed specifically with later life lending in mind. It is not an equity release product, this is a mainstream interest only mortgage designed specifically for the older borrower.
Worth considering? we think so.
We also make it as easy as possible for you the Adviser, with various guides to submission and affordability as well as a mortgage calculator tool
What are you waiting for. Choose Hodge Lifetime’s 55+ mortgage, giving your over 55 clients options, peace of mind and flexibility.
For an introduction to the product and Hodge as a business click here, or for a product at a glance document please click here. Alternatively call and speak to one of our dedicated broker support team on 0800 731 4076 for more information or to request a discussion with a BDM.
