Openwork adds Hodge Lifetime to panel

Ryan Bembridge

October 25, 2016

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.”

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