The heightened LTI ratio applies to those on a salary of £75,000 or higher.
The criteria were launched on 3 February and come after Hodge increased the maximum loan to value (LTV) to 90% and reduced the required UK residency from three months to two.
Emma Graham, business development director at Hodge, said: “These changes are aimed at addressing some of the many challenges facing borrowers today.
“At Hodge, we are seeing increasing numbers of first-time buyers in their forties who need a longer mortgage term to manage affordability. Higher LTI caps are an effective way to lend responsibly to those who can truly afford the repayments, not just in the here and now, but over time.”
Hodge has been making a number of changes to its proposition, including restricting holiday let lending to non-portfolio landlords and removing the age restrictions for 50-plus deals.
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