Hodge Bank has increased its maximum loan size to £3m at 75% loan-to-value (LTV) and up to £1m at 90% LTV.

The lender says it continues to work with the broker community to understand what it can do to ensure borrowers have the flexibility to suit them.

The new maximum loans and LTVs are:

• £1m at 90% LTV
• £2m at 85% LTV
• £2.5m at 80% LTV
• £3m at 75% LTV

Hodge business development director Emma Graham says: “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.”

This follows the lender’s recent increase of maximum LTV to 80% on interest-only mortgages.