Hodge Lifetime has been a trusted provider of retirement products since its inception in 1965 and in 1991 were a founder member of the trade body - SHIP (Safe Home Income Plans), which is now known as the Equity Release Council. Hodge is most well-known for balancing solid products with social responsibility, intentionally fostering a strong connection with charity and social causes.
One area Hodge have been focusing on is the bridge that is needed between residential & retirement mortgages. They have been a leading innovator in this expanding post retirement mortgage industry and one of the first to offer a mortgage specifically designed for homeowners nearing, or in retirement.
The Hodge Lifetime 55+ mortgage is an interest-only mortgage available to borrowers who are 55 years old and over and designed to allow homeowners to take their borrowing into retirement where many mainstream lenders don’t. The homeowner makes monthly interest only payments on the loan for a fixed term. At the end of that term, the homeowner must repay the loan capital back to Hodge.