Coventry for Intermediaries has increased the amount borrowers can borrow among other changes it has made to its lending criteria.

In a note to brokers, the lender says that borrowers for loans greater than 90% LTV may access up to 4.49 times income rather than the previous multiple of 4.

It says that pipeline applications “will proceed onto the higher amount”.

As well as this, 50% of the average of the latest two years’ annual bonus or 50% of the most recent bonus, if lower, will now be accepted.

Other changes to bonuses include 50% of regular payments being accepted on applications, too – three months’ evidence will be required for this.