Together has increased the maximum loan-to-value for its first and second charge mortgages from 65 per cent to 70 per cent.

As well as this, the specialist lender has made changes to its minimum loan sizes.

Within its second charge offerings, the minimum threshold has been lowered from £50,000 to £30,000.

In its commercial finance product range, meanwhile, the maximum loan sizes for its residential unregulated bridging and buy-to-let mortgages is now set at £2m, up from £750,000 and £500,000, respectively.

Together head of intermediaries Sundeep Patel says: “The housing market remains strong, with average UK asking prices rising by 6.6 per cent in the year to December, and we’re making these changes in response to the current demand for mortgage lending.

“We have some of the most flexible criteria in the specialist mortgage market and these latest changes will support those clients whose borrowing needs are not met by high street lenders; these could be self-employed workers, or those in employment who’ve had minor credit issues in 2020, possibly caused by the Covid pandemic.”