Previously, Hodge offered up to 90% LTV on Resi and 85% LTV on Resi Retire.

The products are available to borrowers from the age of 21 with varied income types as Hodge moves towards a “lifelong lending” model.

By bringing together its core and retirement mortgage range the lender is hoping to support borrowers overlooked by other banks.

These include borrowers with complex income sources, older first-time buyers and second steppers who have had a significant change in circumstances, such as divorce.

It follows an increase in brokers enquiring on behalf of customers in their 30s and 40s seeking family homes often without financial support from older relatives.

Hodge will consider lending up to 5x income and take into account 100% of earnings up to age 80.

It offers terms of up to 40 years and takes a case-by-case approach to underwriting.

Business development director Emma Graham says: “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 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.”