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.