The product is available for remortgage customers only, who will receive £500 cashback upon completion.
This comes as more homeowners move away from short-term deals and variable rates.
This comes as £35bn worth of mortgages are due to mature later on this year.
This represents a rise from 75% in the second quarter of 2016.
FTBs were responsible for half (49%) of home purchase valuations in July, up 6% on the 5-year average.
The product comes with a free standard valuation and has no upfront application fee or product completion fee.
Hodge Lifetime’s offer a 55-plus mortgage product which provides a solution for customers both before and after retirement looking to remortgage or to purchase a new property.
The 3-year fixed rate remortgage at 2.99% has no arrangement fee.
Total remortgaging volume increased to 35,913 in June, up from 32,600 in May.