Freephone 0800 802 1051
Freephone 0800 802 1051

Hodge Lump Sum Plus Rates & Details

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Lump Sum Plus

  • Type Fixed
  • Rate 4.22%
  • APR 4.40%
  • Free Valuation
  • Free Application
  • FREE Valuation to £1m
  • Upto 10%pa Voluntary Repayments
  • 9 Year Fixed Early Repayment Charges


Hodge Lifetime was original formed in 1965 as Home Reversions Ltd and was a founder member of the trade body - SHIP (Safe Home Income Plans) in 1991, whom itself was recently rebranded as the Equity Release Council. Hodge Lifetime are a subsidiary of Julian Hodge Bank and have now been providing equity release schemes longer than any other equity release UK company.

Specializing in the post retirement marketplace, Hodge Lifetime offer a range of products from annuities to equity release schemes. Their equity release mortgages were the first to incorporate the flexible 10%pa repayment strategy, of which other lenders have since mirrored. This allows total control of the future balance as necessitated by the homeowner. With additional unique product features, Hodge Lifetime are one of the leading innovators in this expanding industry with a range of fixed & variable rate lifetime mortgages.

This Hodge Lifetime Mortgage range of products are a newer suite of lump sum equity release schemes offering two tiers of plans based on their loan-to-value ratio's. This entry point - Lifetime Mortgage Plus plan offers the lower capital amount of the two in terms of maximum lump sum availability, but consequentially has an attractively lower interest rate for the homeowner. Therefore, the rate will be influenced by the release of equity required.


The Hodge Lifetime Mortgage Plus provides for a simple one-off lump sum equity release scheme which is ideal for homeowners looking to withdraw a lump sum of equity, but maybe without the potential need for access to capital in the future.

Hodge Lifetime have a minimum acceptable property valuation on their Lifetime Mortgage Plus range of is £100,000 with a maximum valuation of £1 million (or £2million within M25). Please contact us directly on properties valued over these amounts as cases can be individually underwritten, with bespoke quotes via Equity Release Supermarket - 0800 802 1051.

The homeowners property must be their main residence which needs to be located solely within England and Wales.

This Hodge Lifetime Mortgage Plus is available on both a single and joint life basis with a minimum age of youngest homeowner being 55 and a maximum age at entry of 85. The plan offers the benefit of a fixed interest rate for life.

The minimum release Hodge will accept on their Lifetime Mortgage Plus range is £15,000 with a maximum equity release lending amount of £500,000. Please call 0800 802 1051 for your personalised Hodge Lifetime Key Facts Illustration.


The Hodge Lifetime Mortgage Plus plan is effectively a one-off lump sum equity release plan which provides the homeowner with tax-free cash lump sum which can be spent on anything they need. The key to this plan which sets it apart from other lump sum plans are the options which are designed to be adaptable to the homeowners situation which allow control over the future balance and flexibility should their circumstances change.

This Lump Sum Lifetime Mortgage Plus plan comes with the benefit of a FREE valuation upto £1million, thus reducing set-up costs. This lump sum tranche of money receives a fixed lifetime equity release interest rate which has the benefit of the homeowner & beneficiaries knowing the exact balance in the future.

Hodge Lifetime are members of the Equity Release Council and consequently their plans come with a no-negative equity guarantee. The protection this affords is that upon death and sale of the property, any beneficiaries cannot be left with any personal debt owing to the equity release provider.

There is no regular payment commitment imposed by Hodge, thus the interest if required can be left to roll-up. However, Hodge Lifetime provide a 10%pa flexible repayment option which allows homeowners the option to make repayments back to Hodge Lifetime which in turn helps control their future balance & ultimate inheritance.

Finally, the feature which sets this Hodge Lifetime Mortgage Plus product range apart from the rest is the fixed early repayment charges. In the first 5 years the penalty is 5%, then decreasing 4%,3%,2% and by the 9th year it's only 1% with NO penalty thereafter. Therefore those knowingly paying this off in the future have safer exit strategy.


The Hodge Lifetime Mortgage Plus allows homeowners to spend their tax-free cash as they wish, with no need in having to make any repayments or move house. However, one of the features of the Hodge Lifetime Mortgage Plus plan is the Flexible Repayment Option. This enables the homeowner to control their future balance by making repayments of upto 10% of the original amount borrowed each year, with NO penalty. Hodge do allow payments to commence from day one of the plan and upto 4x payments per annum to ensure maximum control of the future balance.

Therefore, should a level balance be required, the homeowner can elect to make repayments of interest-only back to Hodge Lifetime immediately once the plan has started. The Hodge Lifetime Mortgage UK scheme can theoretically also be used for capital & repayment purposes. Adopting this strategy, if the full 10% allowance is used every year, then the balance would be reduced significantly; ideal if wanting to protect any inheritance. These payments are purely voluntary and the choice of the homeowner.

To obtain further information or to request a quotation on the Hodge Lifetime Plus Repayment Mortgage, or the alternative Lifetime Mortgage Max Plan, please contact the Equity Release Supermarket team on 0800 802 1051 today.

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