News from Hodge Lifetime
New CEO appointment at Hodge
We have appointed Steve Pateman to the role of Chief Executive Officer. Subject to regulatory approval, Steve will join Hodge in early 2019 taking over from retiring Managing Director David Austin.
Steve was previously CEO of Shawbrook Bank, where he led the company for almost 3 years. During this time it continued to achieve strong double-digit growth in balance sheet and revenues culminating in the ‘take private’ transaction with Pollen Street Capital and BC Partners.
Prior to his role at Shawbrook, Steve led the U.K. banking businesses of Santander and was responsible for building out Santander’s business and corporate banking activities. Before joining Santander, he had a number of senior management roles at Royal Bank of Scotland across its Corporate and Retail Banking Divisions.
Steve recently joined Bank of Ireland as a Non-Executive Director; he is Vice President of the Chartered Banker Institute and a member of Council. He also chairs the Advisory Board of Arora Hotels.
Commenting on his appointment, Steve said “I am delighted to be joining Hodge as it seeks to build on the strong foundations it has already laid in its retail and commercial banking and life assurance businesses. It has a unique ownership structure and ethos that is hugely attractive in terms of creating a sustainable business that then seeks to support those in the communities in which it operates. As a newcomer to the business, I am looking forward to learning more and to working with the team that has taken the group this far on its journey”.
As previously announced, David Austin is retiring from the group after a very successful 28-year tenure, first as Finance Director and for the last 20 years as Managing Director. On his pending retirement David said “The past 28 years at Hodge have been very rewarding and I’m looking forward to my retirement. Before that, I’ll be working closely with Steve to ensure a smooth transition in the New Year.”
Adrian Piper, Chairman of Hodge said “On behalf of the Board I extend our thanks and appreciation to David for his outstanding commitment and leadership over almost three decades. We wish him well in his upcoming retirement. We’re delighted to welcome Steve to Hodge and the Board is very much look forward to working with him.”
Hodge Lifetime: Winners of the L&G Mortgage Club Best Lender for Later Life Lending Award
We are extremely proud to announce we are winners of the ‘Best Lender for later life lending’ Award, which was confirmed at Friday’s Legal & General Mortgage Club Awards at the beautiful Guildhall, London.
We continue to strive to create mortgage solutions for older borrowers, with great service, products and our ability to be human at the forefront of our offering.
Thank you so much to everybody that continues to support us.
Hodge Lifetime: Winners of the Mortgage Strategy Best Equity Release Lender Award ’18
We are delighted to announce we are winners of the ‘Best Equity Release/Lifetime Lender’ Award, received at the prestigious Mortgage Strategy Awards in London.
Up against some stiff competition that included L&G and Aviva, our service and products shone through.
We also picked up second place in the ‘Specialist Lender’ category, an accolade we were extremely pleased to receive.
We continue to look for ways to provide solutions for older borrowers and the later life market, with great service, products and our ability to be human at the forefront of our offering.
Hodge Lifetime win Best Equity Release Provider Award from Paradigm for 2017
Hodge Lifetime are honoured to have won the Best Equity Release Provider Award from Paradigm for 2017 – a hat-trick as we’ve now won this for the last 3yrs!
The equity release market has grown dramatically over the last 5yrs, and 2017 has seen the market exceed £3bn in size for the first time. We’re now seeing historically low interest rates and flexible product designs which have greatly improved the options for older borrowers, so to maintain this award in the face of stiff competition is something that we are extremely proud of.
Hodge Lifetime offer a comprehensive range of Lending into Retirement solutions, and are the only lender to offer both residential mortgages to older borrowers as well as equity release plans.
Our 55+ Interest Only mortgage can accept a broad range of income in later life, and our Lifetime Mortgages offer everything from fixed ERCs, high LTVs and drawdown options with downsizing protection.
As the UK’s aging population continues to increase and require solutions to their later life lending, we’ll continue to invest in the support that we offer advisers. We will shortly be introducing a new team of Telephone Account Managers to work alongside our regional BDMs, and an improved adviser website is on its way to further enhance the support we can provide.
Hodge Lifetime are delighted to announce we have been awarded 'Best Lender for Older Borrowers' by Moneywise.
One of the judges David Hollingworth, associate director of communications at London & Country Mortgages said: “Hodge recognised that some older home-owners were happy to pay interest on a mortgage from income rather than using a more traditional equity release product. It developed the 55-plus mortgage as an option that continues to offer more flexibility than most lenders, potentially taking a borrower through to age 95.
Hodge Lifetime: Highly Commended - Mortgage Product Innovation – Smaller Lenders
We are extremely pleased to have received a highly commended award for mortgage product innovation, smaller lenders at the Mortgage Finance Gazette awards.
This is in recognition of our 55+ Mortgage, a residential mainstream mortgage for customers age 55-95.
Hodge Lifetime: Most Competitive Annuity Provider
We are extremely pleased to have won for the second year running, the "Most Competitive Annuity Provider" category at the Moneyfacts investment, life and pensions awards 2016.
The results drew on both the analytical expertise of the ILP Moneyfacts research team and the opinions of the magazine's advisory readership as to which company consistently provides the most competitive annuity rates in the market place.
Hodge Lifetime have remain a strong contender in the annuity market, offering great rates and a fantastic service across the board.
Hodge Lifetime: Best Provider for Adviser Support
We are extremely happy to have won for the second year running, the "Best Provider for Adviser Support" category at the Equity Release Awards 2015.
Providing excellent support to financial advisers and their customers is something we strive to achieve, it is a tribute to the entire team that we are held in such high regard by the adviser community.
3 in a row success at the Moneyfacts Awards
We are delighted to have won the Moneyfacts 2015 award for the ‘Best Equity Release Provider’ for the third year running.
A successful night was rounded off by winning the 'Most Competitive Annuity Provider'
We strive to support financial advisers with a competitive and relevant product suite for their customers and we would like to say a big thank you to all those who have supported us in achieving these awards.
We are delighted to have won the Moneyfacts 2014 award for the Best Equity Release Provider for the second year running.
A successful night was rounded off with 'Highly Commended' awards for the ‘Most Competitive Annuity’ and also for 'Product Innovation' relating to the Retirement Mortgage.
A big thank you to everyone who supported and voted for us in this year's awards.
Hodge Lifetime voted top for service
The recent FTadviser Online Service Awards 2014 saw Hodge Lifetime maintain top spot in the mortgage category, achieving the highest 5 star rating.
We strive to ensure we offer the best service possible and we very much appreciate the support of everyone who has voted for us once again in this years awards.