Bank of Ireland for Intermediaries is increasing its maximum loan-to-income to six times income across its Bespoke mortgage range.

In order to access the new income multiple, borrowers will need to meet a number of strict conditions, with single applicants requiring a minimum income of £50,000 and joint borrowers requiring a combined income of £75,000.  Borrowers will also need to meet the Bespoke range’s five golden rules covering:

Passing of credit score; minimum loan size of £150,000; income in Sterling; Loan to value of up to 90% for residential and 75% for buy to let and adherence to standard property criteria.

Bank of Ireland for Intermediaries is also increasing its maximum borrowing amounts  as follows; 90% LTV – up to £1.25m; 85% LTV – up to £2m and 80% LTV – up to £2.5m.

Bank of Ireland for Intermediaries national sales manager Rhys Powell commented: “We developed the Bespoke range to provide mortgage solutions for customers with complex income structures and non-standard borrowing needs.  “We’re pleased that our Bespoke offerings have performed strongly to date, with high levels of broker service and support throughout.”