Hodge has introduced up to six times loan-to-income (LTI) across its residential mortgage propositions, in a bid to support those with complex income streams.
The specialist lender announced that they’ve increased the LTI ratio for those on a salary of over £75,000.
The new criteria, which launched on the 3rd February was also accompanied by enhancements to foreign national criteria.
Emma Graham (pictured), business development director, said: “These changes are aimed at addressing some of the many challenges facing borrowers today.
“At Hodge we are seeing increasing numbers of first-time buyers in their forties who need a longer mortgage term to manage affordability.
“Higher LTI caps are an effective way to lend responsibly to those who can truly afford the repayments, not just in the here and now, but over time.”
