Hodge Bank has increased its maximum loan size to £3m at 75% loan-to-value (LTV), and up to £1m at 90% LTV, aiming to support customers with complex income structures and higher borrowing requirements.
The lender said the move is in response to rising house prices and changes in how people earn, with more borrowers requiring flexible affordability assessments.
As part of the changes, maximum loan amounts now include £1m at 90% LTV, £2m at 85% LTV, £2.5m at 80% LTV and £3m at 75% LTV.
Hodge lends from age 21 through to retirement, with all income manually assessed.
Emma Graham, business development director at Hodge, said: “We know complex incomes are increasingly becoming a challenge for brokers who are trying to do the best for their clients.
“We’ve also seen borrowers with the desire to skip the starter home and get straight into their forever home, something these criteria enhancements will support.
“Life doesn’t look like it used to. Careers are being built to give people the lives they want, rather than just to live, and Hodge Bank is there for them, from age 21 right up to and into retirement.
“Hodge’s underwriters assess 100% of all income, which is becoming more important as income becomes more complex.”
