Here is the latest update from the Hodge Bank. You can access their full product set, including equity release via our mortgage club as well as some packaged mortgage options too.
Latest Announcement from Hodge Bank
Key criteria
- Available for customers aged 21 up to 95
- Earned income accepted up to the age of 80
- Borrowing up to 5 x LTI is considered
- 40 year mortgage terms available
- 100% of all income accepted including pension income
Increasing our max LTV to our existing complex income proposition is another step towards giving often overlooked customers with unique circumstances, the best chance of getting onto the property ladder.
By making the increase available for both our up to and into retirement products we are further merging the lines between residential and later life lending showing our commitment to define customers by their needs and aspirations not their age.
The addition of new 95% LTV products are available for purchases across our Resi and Resi Retire propositions with immediate effect.