Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.

Hodge Bank Raises Maximum Loan Sizes and Updates Lending Criteria

Hodge Bank has increased its maximum loan sizes across several key loan-to-value (LTV) bands and updated its lending criteria. The changes apply to both the Hodge Resi and Hodge Resi Retire product ranges.

At 95% LTV, the maximum loan size has risen from £600,000 to £750,000. For 90% LTV, the limit has increased from £1 million to £2 million. At 85% LTV, the maximum loan size has gone up from £2 million to £2.5 million.

In addition to these changes, Hodge Bank will now accept 100% of bonus income, an increase from the previous 75%. The lender will also disregard additional voluntary pension contributions from an affordability perspective for both employed and self-employed applicants.

These updates are intended to further support borrowers and improve access to lending. The changes may be relevant to letting agents and inventory clerks working with clients seeking higher-value mortgages or those with complex income structures.