Hodge Update

Introducing our new proposition: Hodge Resi 

And we’re reducing our rates!

From today we’re rebranding our Professional Mortgage range into a new proposition called ‘Hodge Resi‘.

Our ‘Hodge Resi’ proposition will provide more inclusive borrowing options for your customers with complex income requirements, from age 21 up to their chosen retirement age.

To accompany the change to our proposition we’ve introduced a fee free option and dropped our rates by up to 45bps!

Hodge Resi rates are live now! Check them out

James Enos, our national account manager, said of our new proposition:

“Hodge has always been perceived as a later life lender and this is in our DNA – but Hodge Resi demonstrates we’re more than that. We’re reacting to the changing face of the market and can now lend to all – from those who are first time buyers to those who are in much later life and are looking to upgrade their homes, move locations and support their wider families.

“The launch of Hodge Resi is just the start of us answering the call of our broker partners, to ensure they are getting the products they need to properly and responsibly serve their customers.”

Professional Mortgage rebrand into Hodge Resi and decrease rates

As of Thursday 22^nd August, we’ve rebranded our Professional Mortgage range into the newly propositioned Hodge Resi range. With this we’ve decreased our rates and added a fee free option. These will be available through Hodge, live right now on our website. – Live rates here

But what is Hodge Resi and how can it better support customers?

• Mortgages from age 21 up to retirement
• 100% of current and future multiple income sources accepted for both employed and self-employed borrowers
• Interest only assessed on an interest only basis for affordability
• Enhanced affordability including LTI up to 6 x joint
• Earned income up to age 80 accepted.

Hodge Resi product and retention rates