Godiva launches range of lifetime mortgages

Godiva Mortgages is launching into lifetime mortgage products that initially will be through a panel of specialist intermediary partners.

Two product types will be available, lump sum and drawdown. Both will have an early redemption charge-free option – unique to the lifetime mortgage market and offering complete flexibility to borrowers.

Colin Franklin, managing director of Godiva Mortgages, said: “Changing attitudes to retirement planning and increasing confidence in the sector, shows there is a genuine need for this type of product.

“With Godiva’s excellent reputation for innovation, competitiveness, first class service and fairness, we are confident that intermediaries and their clients will like what we are offering.”