This will provide a wider range of borrowing options for customers with complex income requirements, aged 21 up to their chosen retirement age.

Hodge have introduced a fee free options across this new range, while also reducing its fee-paying rates by up to 45bps.

This new range will include a two-year fixed rate at 6.35% at 75% LTV with a product fee of £995. The fee-free option at this LTV is priced at 6.45%. Hodge is also offering a two-year fix at 90%, which charges 6.6% with a £995 or 6.7% without a fee.

In its five year range it is offering a rate of 6.2%, again with a £995 fee, or 6.3% without a fee.

Hodge, which is more typically known for its later life borrowing options, says this new range will help more customers with complex borrowing requirements maximise affordability, via relaxed age restrictions, higher loan to income ratios and Interest Only being assessed on an Interest Only basis.

Hodge business development director Emma Graham says: “As a market leading specialist in complex lending solutions, we have listened to and collaborated with our intermediary partners to design the Hodge Resi suite of products – an evolution of our professional mortgages.”

She says this draws on the wealth of specialist underwriting knowledge and talent at Hodge. She says Hodge is committed to developing a full market response to the increasingly complex ways in which people are earning, spending and borrowing money in today’s economic climate.

“Retirement and financial milestone planning is key, with people getting on the property ladder and retiring later than before. We are past defining our customer base solely by their age, stage or professional standing in life and very much looking towards a wholly inclusive financial landscape, where every case is assessed on its own merit.”

Hodge adds that it would be further developing its range to meet demand from its broker partners.

“Hodge has always been perceived as a later life lender and this is in our DNA – but Hodge Resi demonstrates that we are more than that. We are reacting to the changing face of the market and can now lend to all, from those who are first time buyers to those who are in much later life and are looking to upgrade their homes, move locations and support their wider families.”