Metro Bank has increased the amount it will lend to certain borrowers to as much as six times income.
The enhancements mean that borrowers earning £70,000 or more will now be able to borrow up to five times their income for products in its core residential range.
Eligible professional customers such as solicitors, doctors and architects will also now be able to borrow up to six times their income.
Stress tests have also been lowered across Metro Bank’s two-year fixed rate products to improve affordability and potential loan sizes.
Metro Bank director of mortgage distribution Charles Morley says: “As a specialist lender, we work hard to ensure our product range meets the needs of borrowers today. We know that affordability is often the first barrier people face when looking to take that first or next step on the property ladder.”
“This is why we have focused on widening access across our residential range, ensuring that our products continue to resonate with our customers while maintaining our commitment to responsible lending.”
