Hodge Lifetime has been helping people manage their retirement wealth since 1965. It offers a full suite of products targeted at the retirement market, including the 55+ Mortgage and the Retirement Mortgage, which are designed to meet the borrowing requirements of older home buyers.
Compare Hodge’s mortgage rates
Hodge’s buy-to-let mortgage rates
Overall representative example
If you borrow £178,000 mortgage over 25 years initially at 4.49% fixed for 60 months reverting to 7.99% variable for term. 60 monthly payments of £988.37 and 240 monthly payments of £1306.89. Total amount payable £373,335.80 includes loan amount, interest of £194,956, valuation fees of £0 and product fees of £0. The overall cost for comparison is 6.7% APRC representative.
Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
To understand the features and risks of lifetime mortgages, ask for a personalised illustration from a lifetime mortgage company. Check that this type of mortgage is suitable for your needs if you plan to move or sell your home or you want your family to inherit it. If you're not certain, seek independent advice. Your home may be repossessed if you do not keep up repayments on your mortgage.
What types of mortgages can I get with Hodge Lifetime?
- Fixed rate Your interest rate remains locked for a set amount of time.
- Remortgages You can switch away from your existing mortgage provider via Hodge Lifetime’s remortgage products.
- Tracker Your interest rate will shift up and down based the fluctation of another publicly-available rate, typically the Bank of England base rate.
- Variable rate Your interest rate will fluctuate based on various economic conditions.
How to apply
You can apply through a mortgage broker associated with Hodge Lifetime.
You’ll need to provide proof of identity, proof of address and proof of deposit. The lender will also ask for various documents to prove your income and outgoings. This will include copies of recent payslips and bank statements, pension statements, plus details of existing assets, debts and loans. As part of your application, you need to detail how you plan to pay off your fixed-term mortgage.
Eligibility criteria
Mortgages are available for properties in England, Wales and mainland Scotland. Individuals or couples aged 50 or older are eligible to apply. All applicants are subject to an affordability assessment and credit check.
You can contact Hodge Lifetime by calling 0800 138 9109 or emailing lendingsupport@hodge.co.uk.
Frequently asked questions
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terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
