The story of Sophie and James...
- The product: Hodge Resi
- Careers: Barrister and senior manager
- Purpose: To purchase a dream home in London
- Term: 35 years
- LTV: 87.5%
- Loan: £2.1m
- Repayment type: Repayment
The picture
Sophie and James were looking to purchase a property in London but needed to borrow £2.1m at 87.5% LTV.
James had a self employed salary of £180k for the latest year, while Sophie is a barrister with some significant aged debt income for work completed but not yet paid. Her most recent accounts showed £100k, with a projected £400k in year two.
The challenge
Despite the complex income profile, the case was strong overall, and Hodge’s Underwriting team was able to proceed based on the accountant’s letter, supporting a 35-year repayment term to age 80.
- High LTV
- Complex income structure of aged debt and projection
- High-value purchases and non-traditional income streams.
The solution
Hodge Resi was able to provide a tailored mortgage solution through:
- Flexible, case-by-case underwriting
- Consideration of aged debt income
- Projected income and latest year’s accounts considered
- Repayment mortgage up to age 80
- Support for high-value London purchase.
Why Hodge
This case highlights how Hodge can support borrowers who fall outside typical underwriting boxes, providing flexible solutions and practical decision-making to help clients progress. Our Hodge Resi mortgage delivers tailored solutions for complex incomes and high-value purchases.
