Hodge Lifetime has become the latest lender to join MCI Mortgage Club’s panel.
The lender offers a selection of products which specifically cater for the retirement market, including the 55+ residential mortgage product and a broad range of equity release options.
Phil Whitehouse (pictured), managing director of MCI Mortgage Club, said: “MCI Club continues to grow its lender panel to give members even more choice when assisting their clients whether they be straightforward or complex cases.
“I am delighted that Hodge Lifetime have joined our panel to give intermediaries access to their range of products aimed specifically for the growing market of older borrowers whose needs are not often catered for by other lenders.
“In particular, their 55+ residential product provides interest only borrowing for later life customers and can be sold by intermediaries without the need for full equity release FCA qualifications.'”
Steve Cox, business development director at Hodge Lifetime, added: “As the later life lending sector continues to evolve and grow we are delighted to be working with MCI Club and it’s advisers to help serve growing customer advice needs. Interest-only maturities in particular continue to grow and MCI Club are well placed to help later life borrowers find suitable solutions.”
