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Hodge increases LTV on 50+ repayment products

8th February 2022

Hodge, the intermediary only specialist lender, has increased the LTV on its two and five-year fixed rate 50+ repayment mortgages to 85%. The previous LTV was a maximum of 75%.

Products with 85% LTV

  • 50+ Mortgage 5 year fixed 3.6%
  • 50+ Mortgage 2 year fixed 3.49%
  • 50+Mortgage 5 year fixed (fee free) 3.75%
  • 50+ Mortgage 2-year fixed (fee free) 3.60%

Emma Graham, business development director at Hodge, said: “With the help of our intermediary partners, we have been researching the type of customer who uses our 50+ repayment mortgage product and have seen that many are using it to re-mortgage current interest only mortgages that are coming to maturity. A number of customers are also taking the opportunity to capital raise at the same time for a variety of reasons including home improvements and inter-generational gifting.

“The FCA predicts* that around 40,000 interest only residential mortgages will mature every year until 2032, with the majority of those interest only borrowers being aged 65 and over. This, coupled with our own research, has helped us make this latest change to our 50+ repayment mortgage products. Again, it’s about flexibility and giving our customers what they need at this stage of their lives to help them achieve their financial goals.”

Emma added: “Hodge’s 50+ repayment mortgages are products that enable customers later in life to utilise earned income up to the age of 80. This, coupled with the fact that income multiples up to six times are considered for like-for-like remortgages continue to make this product compelling.”

More information about Hodge’s 50+ products can be found at:


Notes to editors


For more information please contact:

Kath Chadwick or Lynsey Walden at Front Door Communications on [email protected]/[email protected] and 029 20 020360.

About Hodge:

Hodge is an independently owned group based in Cardiff, offering a range of personal mortgage products, savings products to private and commercial clients, as well as lending to commercial clients nationwide.

Over 85,000 customers across the UK trust Hodge to support them because of its years of expertise and knowledge in the markets it serves. Hodge design products with customers in mind, keeping things simple and straightforward.

The Hodge Foundation, a charity supporting the welfare, medical, academic and educational areas own 79% of Hodge.

More information can be found on the website

Follow @HodgeBank on Twitter

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