Leek Building Society has made enhancements to its lending policy.

The changes aim to expand support for a wider range of borrower profiles and further strengthen relationships with its intermediary partners.

Effective 1 September, there will be no minimum income requirement for buy-to-let (BTL) applications to support more experienced landlords and investors. The only exception is for family regulated BTL.

The society has also reduced the stress testing rates across all its BTL mortgages, including holiday lets, to align them more closely to each product’s pay rate.

Leek will now also consider both salary and net profit for directors with a shareholding of over 25% when assessing income.

In addition, it has removed loan-to-value (LTV) restrictions for applicants on zero hour contracts with two years of consistent earnings for expanded acceptance.

Leek Building Society head of intermediary mortgage team Nikki Warren-Dean says: “We’re committed to evolving our lending policies to meet the changing needs of brokers and their clients. These latest changes are a direct response to broker feedback and reflect our continued focus on being a flexible, accessible lender in a competitive market.”