NettetNew 55+ Mortgage – a massive shot in the arm for the mature borrower market. If you thought you were too old to get a mortgage, the 55+ mortgage from retirement specialist Hodge Lifetime could provide the solution to your mortgage problems. As the name suggests, the 55+ Mortgage is exclusively for those aged 55 and above. NettetLifetime mortgages: drawbacks to consider While equity release offers the chance to draw on the value of your home, there are several drawbacks to consider: Cost Interest rates can be high. The current average lifetime mortgage rate is 4.25% compared to 2.75% for standard residential mortgages. Rates are likely to rise now across the board.
Equity Release & Retirement Mortgage Rates - Hodge for Intermediaries
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Top 13 Lifetime Mortgage Providers Comparison In April 2024
NettetWe’ve been supporting customers with their financial future since 1965 and our deep knowledge and experience means that you’re in safe hands. With a range of … For emergency funds, a one-off big purchase, and all those occasions in … We are a specialist lender, we’ve designed our mortgages with you in mind. … When you open an account, you have 10 working days to transfer any funds in to … The details. Your interest rate is guaranteed – even if we change our rates, the rate … Hodge Bank is a trading name of Julian Hodge Bank Limited which is registered … If you’ve got a Savings account with us that’s due to mature, it’s quick and … Hodge will continue to work with the executor/personal representative in … Hodge Life Assurance Company has been sold to Reinsurance Group of America … Nettet26. jan. 2024 · The Hodge Lifetime Lump Sum Lifetime Mortgage allows you to take a single cash lump sum with a fixed interest rate for life. Plans start at age 60 & there is a minimum property value of £100,000 with a £20,000 minimum initial withdrawal limit. Nettet26. jan. 2024 · At the moment if anyone is thinking of downsizing in the future and repaying their equity release plan in full, then serious consideration should be given to a new plan such as the Hodge Lifetime Flexible Mortgage Plan. eszet gas