Nettet6. mar. 2024 · This has the effect of maintaining a level mortgage balance & will continue until age 80. The initial interest rate offered is a 5 year fixed rate of 4.75% (5.1% APR). Therefore, as an example borrowing £50,000 on the Hodge Retirement Plan would initially cost £197.92pm. Once the 5 year fixed rate has expired, the standard variable rate … Nettet18. jan. 2024 · Hodge has cut rates on its retirement interest-only mortgages and 50-plus home loan products. The broker-only lender says its 50-plus loans with loans to value of 50% or 60% have been reduced by 30 basis points across the board. While its RIO products with 50% LTV are cut by 20 basis points. The deals are: […]
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Nettet12. sep. 2024 · Hodge Bank launches 'Rio' mortgage with permanent fixed interest rate of 4.35%. A new retirement interest-only mortgage (Rio) has been launched offering a … Nettet29. nov. 2024 · The top reason is to pay off an existing mortgage (22%) followed by buying another property (20%). Hodge was one of the first lenders to launch a RIO mortgage last year and has seen a slow but steady increase in the amount of people taking out this new product, with more than £25 million being lent to RIO customers … maxtron trendy
Retirement Interest Only Mortgage - SovereignBoss
Nettet9. sep. 2024 · The Hodge Fixed-for-Life RIO is available for people aged between 50 and 88 years old. They can have the fixed rate for the rest of their life, whether that is 50 … Nettet21. des. 2024 · In fact, Hodge has seen a surge in the number of applications for RIO mortgages in the five months to the end of October 2024 compared to the first five months of the year. We have also the seen average value of application increase in those five months as well. Nettet9. mar. 2024 · Please contact us directly for your Hodge 50+ Residential Mortgage quote via Equity Release Supermarket on - 0800 088 5898. Eligible streams of income include employment, investment and rental incomes and pension earnings. If the employment income ends before the end of the repayment term, the homeowner must still be able to … maxtruckers factoring consultation