Hodge Lifetime - Flexible Repayment Plan - NO Early Repayment Charges
Roll up Lifetime Mortgage
Rate: 3.93%
APR: 4.10%
Incentive Deal:
Offers: FREE valuation* | Flexible Repayment Option | Downsizing Protection Option - No Penalties after 5 years

Hodge Lifetime launched the very first equity release schemes in 1965 and have continued to earn a reputation for security and reliability since then. Hodge Lifetime is a subsidiary of Julian Hodge Bank and is a founder member of SHIP wnich has now rebranded as the Equity Release Council.

The Hodge Lifetime Flexible Mortgage allows you to take an initial lump sum of money with the advantage of a fixed interest rate for duration of the plan term. Thereafter, following the creation of a cash reserve facility, further funds can be withdrawn at infrequent stages in the future.

The Hodge Flexible Lifetime Mortgages has a minimum starting age of 60 and a minimum property value of £100,000 with a £20,000 minimum initial withdrawal limit.
The plan is now available in England, Wales and mainland Scotland.

This Hodge Lifetime Mortgage plan provides a unique 'Flexible Repayment Option' which allows repayment of 10% of the initial loan amount each year without penalty. This enables planholders to opt to pay of interest or even interest + capital over the term of the plan.

Hodge have also differentiated two sets of early repayment charges - repayment on whether the loan is repaid by moving house, or not:-

1. On moving house within 5 years, Hodge Lifetime have a reducing penalty system of 5%, down to 1% over the same term. This could be advantageous if you are looking to move short term & happy to pay a 'fixed' penalty.
The other 'Downsizing Protection' feature allows you to repay the Hodge Equity Release Plan with NO penalty if you downsize and move house after 5 years.

2. If early repayment occurs whilst you remain living in your property then a different set of penalties apply. For the first 5 years this will be on a 5,4,3,2,1 basis. Additionally, there is also a potential variable repayment charge dependent upon the movement in 25 year interest rate swap rates.

The Hodge Flexible Lifetime Mortgage plan would be an excellent alternative if you wish to repay the interest & want control over when this is repaid.

*Free valuation available on property values upto £350,000
These are lifetime mortgages and home reversion plans. To understand their features and risks, ask for a personalised illustration.


  • All schemes are authorised and regulated by the FCA
  • Continued ownership of 100% of your home
  • Interest rates sourced from the whole of the market
  • Continued benefit from future house price increases
  • Special deals with incentives to save you money
  • Free initial advice with no commitment or credit checks

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These are lifetime mortgage & home reversion plans. To understand the risk & features of these plans, request a personalised Key Facts Illustration.

CompareEquityRelease.com helps you to compare and arrange equity release schemes from the whole of the equity release market:

Aviva | Bridgewater | Hodge Lifetime | Just Retirement | LV= | more2life | One Family | Retirement Advantage | Pure Retirement L&G Crown