Hodge says it has loosened the criteria of its interest-only professional mortgage range, which it offers to those with complex incomes, professional traineeships — or are in self-employment, such as barristers, dentists and doctors.  

The lender says it will consider up to six times loan-to-income deals and up to 75% loan-to-value on interest-only products, which builds on the firm’s capital repayment offers, already available in the range at up to 90% LTV.  

It adds that a team of underwriters experienced in handling complex incomes will continue to manage the product, which will consider multiple income streams including those from a ‘non-professional’ joint applicant, alongside retained profits and one-year accounts from self-employed applicants.  

The range lends up to a maximum age of 75. Interest-only products are also available at up to 60% LTV for debt consolidation, while overpayments of up to 10% per year are accepted without penalties.   

Hodge business development director Emma Graham says: “We first launched the Hodge Professional Mortgage to offer professionals the benefits of a bespoke product hand-in-hand with a quick and smooth mortgage offering to support them through their property journey.  

“Now we’ve added interest only to the range, so those who want a little more flexibility in their monthly outgoings can climb the career and property ladder at the same time.”