Hodge has rebranded its 50+ mortgage range to Resi Retire and removing the requirement for borrowers to be aged over 50 to access them. This change reflects Hodge’s commitment to making lending more inclusive and aligned with customer aspirations rather than age. 

As part of the Resi Retire range, a two-year fixed rate at 85% loan-to-value (LTV) is now available at 6.35%, with a £995 product fee. Additionally, a two-year fixed rate at 60% LTV has been introduced, offering a rate of 5.68%, also with a £995 product fee. 

This rebrand follows the earlier launch of Hodge Resi, which expanded access to professional mortgage products for individuals aged 21 and over with complex income streams. 

Alongside the rebrand, Hodge is reducing selected rates and introducing higher-fee, lower-rate products. For example, the two-year fixed rate at 75% LTV with a £995 fee has been reduced from 6.15% to 5.79%, and the five-year fixed rate at 75% LTV has been reduced from 5.75% to 5.59%. 

Emma Graham, business development director commented: “As always at Hodge, it’s key that we are constantly listening to and working closely with our intermediary partners to ensure we are developing products and making changes that really make a difference to the end customer. 

“Our new Hodge Resi and Hodge Resi Retire products represent a big change for us here at Hodge. We have fundamentally repositioned our propositions to define our customers based on their goals and aspirations rather than their age, which is historically where the later life lending market has been. We have challenged ourselves and asked why products that cater for customers lending into their retirement stipulate a minimum age of 50. 

“We are excited to see how the Resi Retire products will be welcomed by the market and are looking to chat brokers, IFAs and networks about how they can help customers get the outcomes they need from their mortgages.” 

For more information on Hodge Resi and Resi Retire products, or to explore how they can help meet your mortgage needs, please get in touch with our team today.