News from Hodge Lifetime

The Hodge Centre for Neuropsychiatric Immunology

A £1m investment from the Hodge Foundation will see Cardiff University experts join forces to explore the role the brain’s immune system plays in some of the most common brain disorders like Alzheimer’s, schizophrenia and epilepsy.

The new five year partnership will establish The Hodge Centre for Neuropsychiatric Immunology and bring together leading experts in both neuroscience and immunology.

The Centre will facilitate collaboration between Cardiff University’s Neuroscience and Mental Health Research Institute and Systems Immunity Research Institute under the leadership of their respective directors, Professor Jeremy Hall and Professor Paul Morgan.

Professor Harwood

It’s expected that the virtual Centre’s focus on the immune system will help gain a better understanding of why disabling conditions such as Alzheimer’s disease and schizophrenia develop and which factors cause them to progress.

“We are extremely grateful to the Hodge Foundation for their generous donation,” said Professor Jeremy Hall, Director of Cardiff University’s Neuroscience and Mental Health Research Institute.

“Sadly, for many diseases like Alzheimer’s there have been few recent advances in treatment and no new drugs, whilst treatments that do exist are limited and often associated with unpleasant side effects.

“However, we do know that changes in our immune system is a factor in the development of brain disorders but more work is needed to explore this fully..."

The Hodge Foundation supports medical research, principally in the areas of cancer and mental health, through the provision of grants to universities, medical institutions and research charities.

Jonathan Hodge, Chair of the Hodge Foundation, said: “As a Foundation, we are truly proud to support the world leading research taking place at Cardiff University.

“We have already seen our support produce tangible benefits in key areas of public health. Now Cardiff’s strengths in both neuroscience and immunology put them in an excellent position to make a rapid step change in their knowledge in this field and open up the hugely exciting possibility of new treatments for patients.

“We are delighted to play a part in this.”

The £1m donation from the Hodge Foundation will fund a Senior Fellowship which will help attract some of the very best young researchers already working in neuropsychiatric immunology to Wales.

It will also fund six Hodge Foundation PhDs, five pilot research studies and seed funding for innovative new ideas. The Centre will also host a series of public lectures.

Professor Paul Morgan, Director of Cardiff University’s Systems Immunity Research Institute added: “The link between the immune system and brain disorders has long been suspected and offers the potential for a new route to developing treatments for those at risk of developing these conditions.

“The Centre is an extremely important development as it will mean that we have a real opportunity to put the immune system at the centre stage of our understanding..."

Major mental health disorders such as Alzheimer’s disease and schizophrenia are estimated to cost the UK economy over £37bn per year.

They continue to place a significant burden on patients and their relatives through reduced quality of life, increased physical illness and disability, lost employment, discrimination and isolation.

Hodge Lifetime adds products to 'Lifetime' mortgage range and reduces ERCs and fees on both 'Lifetime' and 'Indexed' ranges

Hodge Lifetime has added two new products to the Lifetime Mortgage range. The range will now consist of three fixed rate, lump sum equity release plans the Lifetime Mortgage, Lifetime Mortgage Plus and Lifetime Mortgage Max.

All products will be available from age 55-85 with the Lifetime Mortgage offering a standard LTV from 15% with an annual rate of 5.0% and the Plus and Max versions offering enhanced LTV’s from 19% at a rate of 5.3% (Plus), and from 21% at 5.8% (Max).

In addition to the new products, application fees will reduce from £995 to £595 and 9 year early repayments charges consisting of 5% years 1-5 dropping to 4,3,2,1% in years 6-9 have been introduced across both ranges.

Free surveys are available for properties of £1 million or less with discounted fees thereafter, and we will now accept properties up to £2 million within the M25 region.

November 2016

Hodge Lifetime: Highly Commended - Mortgage Product Innovation – Smaller Lenders

Mortgage Finance Gazette - Highly Commended 2017

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.


October 2016

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.

Most Competitive Annuity Provider 2016 Most Competitive Annuity Provider Two Times Winner 2016
October 2016

Hodge Lifetime 2016 financial strength rating

Hodge Lifetime has once again maintained its strong 'B' rating from AKG Actuaries and Consultants Ltd for the overall financial strength of the company.

Read the AKG 2016 report here

September 2016

Julian Hodge Bank and Hodge Lifetime moving to new HQ at the 1 Central Square office scheme.

Julian Hodge Bank, will move to new headquarters in the centre of Cardiff next week as the business continues to drive impressive growth.

The only bank with it’s HQ in Wales is moving its 140 staff to the 1 Central Square office scheme at the wider Central Square regeneration project - in an investment that will bring all its operations under one roof.

Read more in Wales Online

September 2016

Hodge Lifetime cuts interest rates on its lifetime mortgages

Hodge has cut rates for its 55+ range, Retirement Mortgage and standard variable rates with effect from 20 September.

Our refreshed 55+ range will have a two-year fixed rate at 3.10%, a five-year fixed rate at 3.30% and a two-year discount rate at 2.99%.

The five-year fixed rate for our retirement mortgage will be cut by 60 bps and will be available at 3.79%, while our SVR will drop by 25 bps to 3.95%.

The 55+ is a residential mortgage, the Retirement Mortgage is a lifetime mortgage. To understand the features and risks of these products, ask for a personalised illustration.

Hodge Lifetime cuts interest rates on its lifetime mortgages

The interest rates applicable to Hodge Lifetime's Lump Sum Lifetime Mortgage and Flexible Lifetime Mortgage have been reduced.

In addition to offering competitive interest rates, both lifetime mortgages benefit from the following features:

Downsizing Protection

Your customer will not incur an early repayment charge if after 5 years they fully redeem the loan as a result of selling their home and moving.

Flexible Repayment Option

Your customer has the option to repay up to 10% of the initial loan (and further withdrawals) per annum

Available only via financial advisers, full details can be found in the Equity Release section of our website or by calling us on 0800 731 4076.

The monthly interest rate has been reduced to 5.21% on the Lump Sum Lifetime Mortgage and 5.31% on the Flexible Lifetime Mortgage.

The overall costs for comparison are 5.5% and 5.6% APR respectively. The actual rate available will depend on your circumstances.

This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.

June 2016

Hodge Lifetime - 55+ Interest Only Mortgage now available whole of market

Following a successful pilot launch of our 55+ interest only mortgage, we are delighted to confirm that with immediate effect the product will be available to all relevantly qualified Independent Financial Advisers.

The 55+ Mortgage has been designed specifically with the older borrower in mind. Product highlights:

  • Available to applicants between ages of 55 - 85
  • Loan terms from 5 years up to the youngest borrower’s 95th birthday
  • Acceptable repayment vehicles include downsizing, sale of other UK properties or investments
  • Salary, self-employed, pensions, investments and rental incomes are all acceptable for affordability assessment
  • Loans available for purchase, capital raising and remortgage, from £20,000 - £500,000.
  • Interest only term mortgage – No ER qualification required
January 2016

Hodge Lifetime cuts interest rates on its lifetime mortgages

The interest rates applicable to Hodge Lifetime’s Lump Sum Lifetime Mortgage and Flexible Lifetime Mortgage have been reduced.

In addition to offering competitive interest rates, both lifetime mortgages benefit from the following features,

Downsizing Protection

Your customer will not incur an early repayment charge if after 5 years they fully redeem the loan as a result of selling their home and moving.

Flexible Repayment Option

Your customer has the option to repay up to 10% of the initial loan (and further withdrawals) per annum

Available only via financial advisers, full details can be found in the Equity Release section of our website or by calling us on 0800 731 4076.

The monthly interest rate has been reduced to 5.26% on the Lump Sum Lifetime Mortgage and 5.31% on the Flexible Lifetime Mortgage.

The overall costs for comparison are 5.56% and 5.61% APR respectively. The actual rate available will depend on your circumstances.

This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.

November 2015

Hodge Lifetime: Best Provider for Adviser Support

Best Provider for Adviser Support 2015

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.

October 2015

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.

Moneyfacts Award 2015 - Best Equity Release Provider Moneyfacts Award 2015 - Most Competitive Annuity Provider Moneyfacts Award 2015 - Three Times Winner
February 2015

Interest rate reduced by 0.36%

Hodge Lifetime has reduced the interest rate on its retirement mortgage with a five year fixed rate of 4.39%. The overall cost for comparison 4.7% APR*

The retirement mortgage is an interest-only lifetime mortgage.

Whilst interest must be paid monthly, the loan capital can be repaid from the proceeds of selling the property and does not have to be repaid until the borrower dies or moves permanently into long term care.

Deian Jones, Managing Director of Hodge Lifetime says "With this latest rate reduction, the retirement mortgage offers advisers a competitive solution for their customers requiring interest only borrowing into their retirement and is a flexible alternative to traditional equity release."

Dominik Lipnicki, Director, Your Mortgage Decisions says,

"Post 2008 and in particular post MMR, it has become nearly impossible to help clients past retirement, especially if interest only borrowing is required. Hodge Lifetime help to fill that product void. What most would find surprising is just how low the interest rate is, even lower than the SVR with Santander. This is no longer what some would perceive as lending of last resort. Hodge Lifetime products plug a real gap in the market; in essence, they help borrowers, which high street lenders chose to ignore."

Full details of the Retirement Mortgage are available here.

* The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration. Your home may be repossessed if you do not keep up repayments on your mortgage.

October 2014

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.

Moneyfacts Award 2014 - Best Equity Release Provider Moneyfacts Award 2014 - Most Competitive Annuity Provider Moneyfacts Award 2014 - Innovation Award
August 2014

Hodge Lifetime 2014 financial strength rating

Hodge Life has maintained its strong 'B' rating by AKG Actuaries and Consultants Ltd for the overall financial strength of the company.

Hodge Life has also been awarded the maximum 5 stars in its annual review rating, an assessment of how the brand has fared against its competitors.

Read the AKG 2014 report

June 2014

Hodge Lifetime voted top for service

Jon Tweed at the FTadviser Online Service Awards 2014
FTadviser Online Service Awards 2014 - Mortgage Lender & Packager

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.

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