Hodge Bank has increased its loan-to-value (LTV) limits to give borrowers more options for remortgaging and debt consolidation.
The lender now allows debt consolidation up to 90% LTV, up from 85%, and remortgaging up to 95%, up from 90%.
These changes apply to both its Hodge Resi and Hodge Resi Retire product ranges.
Emma Graham (pictured), business development director at Hodge, said: “Data from UK Finance shows us debt consolidation continues to rise in line with on-going cost of living challenges and our own data mirrors this as we are seeing an increase in customers looking to capital raise to reduce their outgoings and simplify their monthly repayments.
“With 1.8 million fixed…