Principality Building Society has launched a limited edition higher loan-to-income product for first-time buyers exclusively through brokers.  

The deal allows customers to borrow up to 5.5 times their income and is available for standard five-year fixed-rate residential products.  

Other key details include:  

• Employed income only  

• Applicants must have an income of £30,000 individually or £50,000 combined  

• 100% second income and overtime accepted  

Principality Building Society national intermediary manager Helen Lewis says: “Our FTB research shows us that this is a diverse group and can be at different stages in their life, have different levels of family support and differing degrees of financial confidence.   

“This enhanced loan-to-income is one of a wide range of solutions we will be showcasing over the next three months that aim to provide a boost for FTBs.”