Launched in March 2016, Hodge Lifetime has used its skills and experience of the retirement market to design a residential mortgage specifically with older borrowers in mind.
The Retirement Mortgage combines the key features of a standard mortgage and traditional equity release. It is an interest-only lifetime mortgage which offers additional safeguards when compared with the 50+ Mortgage.
Equity release provides a means for those in, or close to, retirement to release cash from their homes. Amounts released can be used for almost any purpose, and can be a good way of improving the quality of life in later years.