Aldermore has enhanced its affordability criteria on residential mortgages for owner occupiers.

The lender’s criteria improvements will increase the maximum borrowing capacity by circa 9% on average, according to the bank’s calculations.

The change closes the gap between less than five-year and five-year deals.

Aldermore director of mortgages Jon Cooper says: “This is another change that we were keen to make for brokers and their clients, offering owner occupiers significantly enhanced capacity to borrow.”

“We’re a lender that listens to what our brokers and our borrowers tell us they need, and we’ll continue to make targeted improvements like this on an ongoing basis.”

Last week, the lender introduced new limited edition deals for landlords alongside a suite of rate reductions across the broader range.