The Openwork network has added Hodge Lifetime to its lender panel.
Hodge will provide Openwork advisers access to its 55+ mortgage, an interest-only residential home loan.
Paul Shearman, mortgage proposition director at Openwork, said: “The 55+ Mortgage will be a welcome addition for Openwork’s mortgage advisers and we’re delighted to be working with Hodge Lifetime on this innovative product.
“With the later-life lending sector continuing to grow, the 55+ Mortgage offers a great solution for clients of retirement age that have a credible repayment strategy and proven affordability looking for an interest-only mortgage.”
Openwork added Danske Bank to its panel two weeks ago and Tesco last month.
Steve Cox, business development director at Hodge Lifetime, said: “We are thrilled to be working with such a high calibre advice firm as Openwork and are certain the addition of the 55+ product will give advisers an additional potential avenue to provide great customer outcomes for the retirement market.”