Self-employed applicants can now borrow up to 5.5 times their income and loans over 85% loan-to-value (LTV) will no longer be limited to 4.49 times applicant income.

In addition, the threshold for the gross income-based 4.49x LTI cap will be reduced from £50,000 to £40,000.

The lender says the changes provide the funding to up to 12% more customers, with maximum loan amounts increasing by as much as 22%.

Gen H chief commercial officer Pete Dockar says: “I’m delighted to announce these positive changes to our loan-to-income multiples policy today.”

“Increasing our LTI limits for self-employed applicants, those with small deposits, and those on average household incomes will allow us to support exactly the people we wish to reach: those who, without Gen H, may not have found a path to homeownership.”

Yesterday, Gen H announced it had partnered with Sesame. 

Sesame’s advisers now have access to Gen H’s mortgage products and services.