Specialist packager Positive Lending has added Hodge Lifetime to its lender panel.
The later life lender’s 55 Plus mortgage product provides a solution for customers, both pre and post retirement, looking for remortgage opportunities or to purchase a new property.
Director of mortgages at Positive Lending director Stephanie Charman says: “Hodge’s specialism in the equity release market made them the perfect lender to pave the way for innovative products to support the later life market. This market is only going to continue to grow and their addition to panel strengthens the product range we have available for advisers looking to support their older borrower clients.”
Hodge Lifetime business development director Steve Cox says: “’We are delighted to be working with Positive Lending in the rapidly growing later life lending sector.
“We continue to see growing demand for mainstream products to serve older borrowers which is particularly fueled by interest-only maturities. Many mainstream advisers are turning to this sector to meet customer needs. By working with such an established specialist as Positive Lending, advisers will have another route to provide great customer outcomes.”
The addition of Hodge Lifetime is part of Positive Lending’s ‘Launching a lender a day’ campaign taking place this week.