Related topic: Loan to income

The policy change increases eligible customers' borrowing power by more than £200,000 in some instances.

Over 6x income is now available on selected products.

Precise will offer income multiples up to 6x at 95% LTV, includes borrowers with recent adverse.

Accord will now lend up to 5.5 times income to first-time buyers at 95% LTV.

The move is expected to support an additional 10,000 first-time buyers each year.

April says its longer-term fixed rate mortgage offering makes the enhanced LTI possible.