- Trust us to do right by your customers – The 55+ residential interest only mortgage was created as we believe that customers age 55 and over should have access to a flexible and innovative mortgage product and should not be disregarded due to age.
- Later life lending specialists – One of a small number of lenders that provide an interest only residential mortgage for 55 to 95 year olds, we are not just lifetime mortgages.
- Experience – Hodge have been in the business of lending to older borrowers since 1965, throughout this time we have become experts in our field, achieving award winning innovation in this sector.
- Expertise – A dedicated team of staff who can knowledgeably deal with you and your customers both pre, during and after the application process.
- Understanding – We understand there is no such thing as a ‘typical’ customer with a ‘typical’ retirement and we adapt our products, processing and underwriting around this.
- The personal approach – We believe that each case deserves personal service, from initial contact and underwriting throughout the application process you will deal with a person and not a computer.
- Choice – We offer both fixed and variable rates on the 55+ product.
- Competitive rates – Our rates on the 55+ fixed option range from 3.10 to 3.30 with variable at 2.99 with a choice of 2 year and 5 year fixes.
- Flexibility – Offering the ability to overpay by up to 10% from day one, meaning your customer can reduce the capital on the mortgage as well as paying the interest monthly.
- Responsible lending – The Hodge Foundation, a charity supporting the welfare, medical, academic and educational areas owns over 75% of our business. By helping our customers achieve their goals, we are also helping good causes that are important to us.
Download our new 55+ ‘at a glance’ document here. For a client personalised illustration call us on 0800 731 4076.
Please also visit our website www.hodgelifetime.co.uk for further product details, downloads and a useful mortgage calculator tool.
Please note this product is currently available in England and Wales only.
