News Archive: 2013
Mortgage Finance Gazette Innovation Award
Hodge Lifetime has been ‘Highly Commended’ for innovation at the Mortgage Finance Gazette Awards 2014.
The award was judged by a panel of industry experts and relates to the recently launched Retirement Mortgage, which offers customers a flexible alternative to traditional roll-up equity release plans.
Best Provider - Lifetime Mortgages
Following on from our awards success in October, we were thrilled to win 'Best provider – Lifetime Mortgages' at the recent Equity Release Awards 2013 held in November.
Many thanks to all who have supported and worked with us throughout 2013.
Best Equity Release Provider
Hodge Lifetime is delighted to have won the Moneyfacts 2013 award for the Best Equity Release Provider as well as being commended in the Most Competitive Annuity Provider category.
A big thank you to everyone who supported and voted for us in this years awards.
Hodge Lifetime announces the launch of the Retirement Mortgage
Hodge Lifetime announces the launch of an innovative new lifetime mortgage, the Retirement Mortgage, which fills the gap between a traditional residential mortgage and existing equity release lifetime mortgages. It provides a flexible alternative for borrowing into retirement for those borrowers that benefit from a reasonable level of pension income.
The product is an interest-only lifetime mortgage. Whilst interest must be paid monthly, the loan capital does not have to be repaid until the borrower dies or moves permanently into long term care.
Deian Jones, Managing Director of Hodge Lifetime, explained the rationale for launching the product:
“The current range of equity release products caters very nicely for the asset rich, cash poor customer. For those fortunate to be entering retirement with decent pension provision, the Retirement Mortgage offers a credible and flexible alternative to the more traditional equity release plan.”
The Retirement Mortgage is available solely via Financial Advisers.
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.
Hodge Lifetime awarded 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,
5 stars for Hodge Lifetime service
Hodge Lifetime has once again been awarded the highest 5 star rating at the recent 2013 FTAdviser.com Online Service Awards in the Life and Pensions category.
In addition to the above, we are delighted to announce that Hodge Lifetime took top spot in the mortgage category, achieving the highest 5 star rating.
We would like to thank everyone who supported and voted for us in this year’s awards.
Hodge Lifetime reduces rates on its Lifetime Mortgages
The interest rates applicable to both the Lump Sum Lifetime Mortgage and the Flexible Lifetime Mortgage have been reduced.
As well as offering competitive rates, both products benefit from Downsizing Protection and the Flexible Repayment Option. Available only via financial advisers, full details of our products are available on our website.
The monthly interest rate has been reduced to 5.59% on the Lump Sum Lifetime Mortgage and 5.74% on the Flexible Lifetime Mortgage. The overall costs for comparison are 5.9% and 6.1% APR respectively. The actual rate available will depend on your circumstances.
These products are lifetime mortgages. To understand the features and risks, ask for a personalised illustration.
Hodge Lifetime reduces 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 downsizing protection and the Flexible Repayment Option, allowing up to 10% of the initial loan amount to be repaid each year. 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 5.74% on the Lump Sum Lifetime Mortgage and 5.89% on the Flexible Lifetime Mortgage. The overall costs for comparison are 6.1% and 6.2% 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.