Accord Mortgages has increased its loan-to-income (LTI) ratio to 5.5 for certain borrowers.

Those with a household income of £70,000 or more will be able to choose from a new ‘Boost LTI’ range, which includes products at up to 85% LTV for new builds and 90% LTV otherwise, for both purchase and remortgage.

The lender adds that its standard lending policy and affordability criteria must also be met.

Accord senior manager for new propositions Nicola Alvarez comments: “Building on our commitment to common-sense lending, we’re really pleased to be adding Boost LTI to our product range to support brokers to help more clients.

“We’ve designed this range to help many borrowers – including first-time buyers, those looking to take their next step, remortgages and those purchasing new-build properties. Ultimately, we’re giving brokers additional choice for those clients that need a little more flex.

“Those previously limited by LTI or requiring a higher loan amount may benefit from this launch, and we’re sure it’s wide appeal, thanks to the combination of higher LTVs and lower minimum incomes, will be welcomed.”