"We are thrilled to be working with such a high calibre advice firm as Openwork and are certain the addition of the 55+ product will give advisers an additional potential avenue"
The partnership will provide Openwork advisers with access to the lender’s 55+ Mortgage, an interest-only residential home loan.
The move further enhances the range of mortgages available through Openwork following the recent additions to the panel of lenders including Tesco Bank and Danske Bank.
Paul Shearman, Mortgage Proposition Director at Openwork, said: “The 55+ Mortgage will be a welcome addition for Openwork’s mortgage advisers and we’re delighted to be working with Hodge Lifetime on this innovative product.
“With the later-life lending sector continuing to grow, the 55+ Mortgage offers a great solution for clients of retirement age that have a credible repayment strategy and proven affordability looking for an interest-only mortgage.”
Steve Cox, Business Development Director at Hodge Lifetime, added: “We are thrilled to be working with such a high calibre advice firm as Openwork and are certain the addition of the 55+ product will give advisers an additional potential avenue to provide great customer outcomes for the retirement market.”
