Hodge makes affordability changes on professional interest only range

The specialist lender is removing the need to meet capital repayment affordability when assessing interest only applications, increasing the amount customers can borrow.

Emma Graham, business development director at Hodge, said removing the need to meet capital repayment affordability is yet another way Hodge continues to show its commitment to providing solutions for underserved areas of the market.

She added:

“We work really hard to get under the skin of our customer’s needs and listen carefully to what the brokers working with them are telling us. Understanding complex situations and demonstrating a flexible approach to lending for both brokers and customers is at the heart of everything that Hodge does.

“Aspects of the professional mortgage market have previously been underserved from a high street perspective, but throughout 2023 we have continued drawing on the knowledge of our highly experienced underwriters to add real value to this complex area of the market.”

“We understand that like life, the level of income many people have at their disposal is less than straightforward - not least in the current economic climate - and this is yet another way Hodge has been able to offer support to our customers in the moments that matter.”