Hodge has rebranded its professional mortgage range to ‘Hodge Resi’, along with making rate cuts and amending product features.
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.
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.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
