Hodge has unveiled enhanced remortgage options, including capital raising up to 90% loan-to-value (LTV), debt consolidation up to 85% LTV, and the consideration of earned income up to age 80, with 100% of all income – including retirement income – taken into account.
With September being remortgage season, Hodge said its announcement comes at an opportune time for those looking for more flexible options.
Emma Graham, business development director at Hodge, said: “We know that life isn’t always linear, and people’s financial journeys don’t always fit a traditional mould.
“That’s why we’ve designed our remortgage products to give customers more flexibility, whether they’re raising capital, consolidating debt, or supporting their family.
“We’re proud to support people into and through retirement, recognising all forms of income, not just earned income, when assessing affordability.”
She added: “Many customers coming to us are first-time buyers who entered the market later in life, perhaps without the support of the Bank of Mum and Dad.
“Others are divorcees or separated individuals starting fresh and needing longer mortgage terms that extend into retirement.
“Our products are built with these real-life situations in mind, offering flexibility where other lenders might stop short. What makes our approach unique is the ability to go up to 90% into retirement – a real lifeline for customers who want options that reflect their individual needs.”
