Hodge has added a professional mortgage to its specialist range, with rates starting from 6.75%.
The mortgage is available to a range of professionals such as barristers, architects, doctors, and dentists among others.
The lender says it provides a solution for those with more complex incomes.
Key aspects of the criteria include up to six times loan-to-income multiple including income from a ‘non-professional’ joint applicant, an elected retirement age of 75 and available up to 90% loan-to-value (LTV).
It also has multiple income streams including retained profits and one-year accounts for the self-employed.
The 80% LTV two- and five-year fixed with a product fee of £995 have a rate of 6.75%.
The fee-free 80% LTV two- and five-year fixed have a rate of 6.90%.
Meanwhile, the 90% LTV two-year and five-year fixed with no fee has a rate of 7.05%.
Hodge business development director for mortgages Emma Graham says: “We’re very proud to be adding this mortgage to our specialist range, it’s a testament to the hard work of our research and underwriting teams who have collaborated closely with trusted partners to ensure they understand the nuances of the professions we are servicing.”
