Hodge is a long-established specialist UK lender with a clear focus on the later life lending market. They are particularly suited to older borrowers, offering innovative mortgage solutions for those over 50 who are often underserved by high-street banks. Their products are designed to provide flexibility and financial freedom to those in and approaching retirement.
Important Note: Hodge is an intermediary-only lender. You can only access their mortgages through a qualified mortgage broker.
Use our free rates tool below to compare Hodge mortgage rates against other lenders in the market. For more information or if you’d like us to approach them on your behalf, simply click ‘Enquire now’ on your selected deal.
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Lender Details
Product Details
Who are Hodge Mortgages?
Originally known as Hodge Bank, they have operated in financial services since their establishment in 1965. They have since evolved into a modern, specialist lender that is a market leader in mortgages for older borrowers.
Their entire philosophy is built on understanding the specific financial needs of people in their 50s, 60s, and beyond. They use manual, expert underwriting, which means every application is assessed by a person who understands complex retirement income, pensions, and investment assets. This allows them to make niche lending decisions based outside of the rigid age limits and automated systems of most high street lenders.
What are they known for?
Hodge has built its reputation on creating products that solve real-world problems for the later life demographic. Their range of products tailored for borrowers aged 50 and over include:
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55+ Residential Mortgage: This is a standard capital and interest repayment mortgage designed for older borrowers. It offers the flexibility to borrow for a term that can run up to the oldest applicant's 95th birthday
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Retirement Interest-Only (RIO) Mortgage: Hodge is a pioneer and market leader in RIO mortgages. This product allows you to pay only the interest each month, which keeps repayments low. The capital is then repaid when a specific life event occurs, usually death or a move into long-term care, from the sale of the property
While their focus is on later life lending, they also offer products suited to other specialist lending niches, such as:
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Holiday Let Mortgages: They offer competitive mortgages for the purchase of holiday homes and short-term rental properties
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Professional Mortgages: They have specific products for high-earning professionals, often with more flexible income multiples
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Pros and Cons of a Hodge Mortgage
Pros:
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Later Life Lending Experts: Expertise in mortgages for the over-50s, especially RIOs
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No Upper Age Limit: They focus on affordability, not age, and have no maximum age cap on their products
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Manual Underwriting: Every case is reviewed by a human expert who understands complex retirement income
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Flexible and Innovative: Products seek to provide financial flexibility in retirement
Cons:
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Niche Focus: They are a specialist lender, so won’t always be the best option for younger borrowers looking for a standard residential mortgage or without specialist requirements
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Higher Costs: As a specialist lender, their interest rates and fees tend to be higher than standard high-street deals
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Broker-Only Access: You cannot apply directly and must use a qualified mortgage broker or later life lending specialist
How to apply
You cannot apply directly to Hodge. The only way to access their mortgage products is through a registered mortgage intermediary (a broker or financial adviser).
If you would like us to submit an application on your behalf, either to Hodge Bank or any other lender across the entire market, get started today with one of our knowledgeable brokers.