Hodge has added 95% loan-to-value (LTV) options to its Resi and Resi Retire ranges, aiming to help borrowers from age 21 with complex incomes get onto the property ladder.
The changes mean customers can borrow up to five times their income, with up to 100% of all income types considered.
Earned income will be accepted up to age 80, and mortgage terms can run for up to 40 years.
Emma Graham, business development director at Hodge, said: “Today’s borrowers are getting on the property ladder later and expect more from their first mortgage.
“Many have strong incomes and career potential but lack a large deposit or have income structures that don’t fit the high-street mould.
“These changes respond directly to broker feedback and findings from the Financial Conduct Authority’s (FCA) discussion paper – The Future of the Mortgage Market, creating a compelling proposition for these customers and supporting good outcomes.
“This is about giving them the flexibility and personal approach they need to secure the right home for their future.”
