By using this website, you agree to our use of cookies to enhance your experience.
Graham Awards


Hodge announces changes to 50+, Retirement and Holiday Let products

Hodge has made significant changes to its 50+, Retirement Interest Only (RIO) and Holiday Let Mortgage property criteria.

The updates include the provision of loans on flat roof buildings and those with more than one kitchen for the first time, as well as offering a higher LTV on new build flats too.

Hodge is now operating under new criteria changes which include the provision of 50+, RIO and HBTL loans on properties with two kitchens and on properties with 100 per cent flat roof.


There’s also the provision of 85 per cent LTV on 50+ mortgage products for new build flats for the first time, as well as the inclusion of properties of six storeys or higher on 50+, RIO and HBTL products.

Emma Graham, business development director at Hodge, says: “As with all of the adjustments we continue to make across our entire suite of mortgage products, these changes have been made to support our intermediary partners in light of the invaluable property related feedback they continue to give to us.

“As a specialist lender supporting consumers in the later life market as well as those with complex borrowing requirements, further enhancing the criteria across our 50+, RIO and HBTL range of mortgages is further sign of Hodge’s commitment when it comes to maintaining a track record of working to support its customers in the moments that matter.

“We are always working to absorb and reflect upon the feedback we receive from brokers and making these latest changes, we believe, will help support customers requiring increasingly flexible lending arrangements in what continues to be a challenging market for many. Whether it’s maximising the returns on an existing or prospective holiday lets or remaining flexible around property investment as a possible means for retirement, we understand that customers across the board are looking to make their finances work harder than ever in the current climate.”

Hodge has made a number of changes across its products in recent months to help with affordability.

On later life products these have included increasing income multiples on purchase and remortgages, reducing the stress rate pound for pound on remortgages, accepting a life insurance policy to support affordability under the death stress test, and more.


Please login to comment

MovePal MovePal MovePal
sign up