Hodge said the range would offer “more inclusive borrowing options” for borrowers with complex income needs. 

It will be open to people aged 21 up to their chosen retirement age. 

Hodge has introduced a fee-free option to the proposition and rate cuts of up to 0.45%. 

Pricing starts at 5.95% for a five-year fix at 75% loan to value (LTV) with a £995 fee. The fee-free equivalent is priced at 6.05%. 

Options are available up to 90% LTV. 

Sponsored

What mortgage and protection advisers should take from the FCA’s AI stance

Sponsored by Sesame Bankhall Group

 

Hodge no longer defining borrowers by age 

Emma Graham (pictured), business development director at Hodge, said the lender worked with its intermediary partners to evolve its professional mortgages and develop the range. 

She added: “Drawing on the wealth of specialist underwriting knowledge and talent we have here at Hodge, we have been working hard in evolving our professional mortgage into a lending solution that we believe the market is crying out for – Hodge Resi. 

“Mortgage customers are much more complex these days, with varying income streams and varied requirements. We’ve designed a product that has an answer for all of that, which can support borrowers of all ages and from all backgrounds lending up to their retirement.” 

Graham continued: “Hodge is committed to developing a full market response to the increasingly complex ways in which people are earning, spending, saving and borrowing money in the modern economic climate. Retirement and financial milestone planning is key, with people getting on the property ladder and retiring later than before. 

“We are past defining our customer base solely by their age, stage or professional standing in life and very much looking towards a wholly inclusive financial landscape, where every case is assessed on its own merit. The launch of our ‘Hodge Resi’ range is the next step and there is more to come. 

“Hodge has always been perceived as a later life lender and this is in our DNA – but Hodge Resi demonstrates that we are more than that. We are reacting to the changing face of the market and can now lend to all – from those who are first-time buyers to those who are in much later life and are looking to upgrade their homes, move locations and support their wider families. 

“The launch of Hodge Resi is just the start of us answering the call of our broker partners, to ensure they are getting the products they need to properly and responsibly serve their customers.”