Tipton & Coseley Building Society has rejigged its product criteria in response to the Covid-19 situation and the subsequent lockdown.

Specifically, the lender will consider bonus and overtime payments for key workers based on their average earnings over the last year, and key workers on zero-hour contracts may still apply.

Tipton will also consider applications from furloughed staff and the self-employed, the latter having to demonstrate three months’ income.

Offers will be subject to revalidation prior to completion.

Alongside these changes, the building society has also stated that it is using desktop valuations on house purchases, remortgages and buy-to-let products at up to 70 per cent LTV.

Tipton head of sales Richard Groom says: “Despite the current lockdown, the Tipton is still actively helping key workers, the self-employed and people who have been furloughed to obtain a mortgage.

“We therefore hope these latest income criteria changes and introduction of desktop valuations will help brokers and their customers through this challenging period.