Hodge Later Life Mortgages
Hodge Bank (formerly Hodge Lifetime) has been at the forefront of later life lending since 1965 - the longest-established specialist in the market.
About Hodge Later Life Mortgages
Hodge offers Retirement Interest Only (RIO) mortgages up to 75% LTV and a 50+ mortgage range. Lending to age 88 at application. Pre and post-retirement income both considered. As an independent broker, we access Hodge's full product range and compare it against the whole specialist later life market.
The options we compare
Hodge RIO Mortgage
Retirement Interest Only up to 75% LTV - one of the highest LTVs available on a RIO mortgage in the UK market. Interest paid monthly. Capital repaid from property sale. Age 50-88 at application.
Hodge 50+ Mortgage
Standard mortgages for borrowers aged 50 and above with a defined end date. Pre and post-retirement income considered. Repayment strategy required at end of term.
Hodge Pre-Retirement Income
For borrowers still working, Hodge considers pre-retirement employment income alongside projected pension income at retirement. Allows access to more competitive terms for younger later life borrowers.
Hodge Post-Retirement Income
State Pension, defined benefit and contribution pensions, annuity, drawdown, and rental income all accepted for post-retirement affordability assessment.
Hodge Up to 75% LTV
Hodge's 75% LTV on RIO is one of the highest available in the later life mortgage market. For borrowers with significant equity and reliable pension income, this allows a larger loan than many other RIO lenders.
Independent Comparison
As Hodge intermediaries, we access their full range. We compare Hodge against LiveMore Capital, Legal & General RIO, Nationwide, and other specialist lenders for every enquiry.
How We Help
Income and age assessment
We establish your income mix, age, and required loan amount. Hodge's 75% LTV RIO makes them particularly strong for clients who need to borrow a larger proportion of their property value.
Hodge vs whole market comparison
Hodge compared against LiveMore, Legal & General, Family Building Society, Nationwide, and others.
Application management
We manage the Hodge application as authorised intermediaries.
Completion
Hodge's standard process - typically 8-12 weeks for remortgage.
Speak to our later life lending specialists
Call 0204 6211776 · Whole-of-market advice across all later life products
Frequently asked questions
What makes Hodge different from other RIO lenders?
Hodge's primary differentiator is their 75% LTV on RIO - significantly higher than most other RIO lenders. Their 1965 heritage gives them the deepest experience in later life lending of any specialist lender. They also accept pre-retirement income alongside projected pension income - useful for borrowers approaching but not yet at retirement.
What is the maximum Hodge will lend on a RIO?
Hodge lends up to 75% of the property's current market value on their RIO mortgage, subject to income affordability. This is among the highest LTV available on a RIO product in the UK market. For a £300,000 property, up to £225,000 could be available subject to income sufficiency.
Can I apply to Hodge at age 88?
Hodge accepts RIO and 50+ mortgage applications up to age 88 at application. This is one of the highest maximum application ages among specialist later life mortgage lenders. Their RIO mortgage has no fixed end date - so a mortgage taken at 88 continues until the property is sold.
Does Hodge accept drawdown pension income?
Yes - Hodge accepts defined contribution pension income in drawdown for RIO affordability assessment. They consider both the current drawdown amount and the potential sustainable withdrawal rate from the fund.
How does Hodge compare to LiveMore?
Hodge and LiveMore are the two primary specialist RIO mortgage lenders in the UK. Hodge's 75% LTV is higher than LiveMore in many cases. LiveMore has no maximum age (Hodge stops at 88 at application) and broader income acceptance. For most clients between 50 and 88, we compare both to identify which offers the better terms.