Hodge Interest Only Mortgages
Hodge Mortgages are a specialist later life lender who offer interest only mortgage products for over 50s.
Features of Hodge include:
- Trusted by thousands of customers for their mortgages into and beyond retirement. With over 50 years of experience, you’re in safe hands
- Make the most of your retirement with one of the widest range of mortgages in the market with options to suit your needs both now and in the future
- Hodge treat you as an individual because they recognize every customer is different
- A dedicated team of experts are on hand to help and support you throughout your journey
Loan to value ratio
How much you will be able to borrow as a mortgage is likely to be influenced by a number of factors, including how much you earn.
Another important consideration is your loan to value (LTV) ratio. This shows how the amount you want to borrow relates to the market value of your property.
So, if you want to borrow £50,000 as a mortgage on a £100,000 house, your LTV would be 50%.
If you then wanted to take out a second charge mortgage for a further £25,000, this would make your LTV 75%.
The higher your LTV, the higher interest rates most lenders will tend to offer.
Find the best deals on mortgage rates
The mortgages market is diverse, with many different providers and types of mortgages to choose from.
This can make it hard to know which offers the best value for you. Our mortgage calculator takes a lot of the hard work out of the equation for you.
All you have to do is head to the top of the page and plug in some basic details, including the amount you wish to borrow, how long you want to repay over and why you need the money.
The mortgage calculator will then match your enquiry with our pick of the top deals from across the industry, making it much quicker and simpler for you to make a comparison.
Independent Mortgage Advice
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What type of mortgage is right for you depends on a number of factors, including your goals and your personal circumstances.
If you are not sure what to do, it is a good idea to speak to an independent mortgage broker who will be able to offer impartial advice on later life lending from Hodge bank mortgages as well as other lenders.