Hodge unveils new 50+ and Rio products – Mortgage Strategy

Hodge is adding new products to its 50+ and retirement interest only (Rio) mortgage ranges.
Available through intermediaries, Hodge has added a five-year fix for borrowers aged 50+ with a maximum LTV of 60% and a proposed rate of 5.32%.
A Rio mortgage has also been launched for five-years fixed to 60% LTV, with a £995 product fee and a proposed rate of 5.57%.
Hodge business development director Emma Graham says: “It has been a busy few weeks at Hodge as we have been launching new products and introducing lower rates across our mortgage propositions.
“These latest products have been introduced as we have been finding an increased demand for lower LTV options. To ensure we provide the same level of solutions to our existing customers, we are also adding the 60% option to our retention range.”