Hodge has enhanced its later life remortgage proposition, supporting borrowers from older first-time buyers to those managing life changes such as divorce or debt consolidation.
The expanded options now include capital raising up to 90% 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.
Hodge says enabling 90% LTV remortgaging into retirement provides customers with specialist needs – such as wanting to gift money to family, funding home improvements or consolidate debt – greater choice and financial flexibility.
According to UK Finance, the external remortgage market has seen a 30% increase since 2024, with a projected value of £76bn in 2025.
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.
"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."
