It is the latest major bank to raise LTI limits after regulators recently eased rules that were restricting lenders.

Previously Barclays’ LTI was capped at 5.5 times income.

In order to access the new six times income multiple, borrowers must have meet a number of conditions.

Their maximum loan-to-value will be capped at 85%.

Borrowers’ combined joint income must be at least £75,000, from their basic salary plus any sustainable allowances or self-employed income.

The mortgage must be on a repayment basis with no interest-only element.

Mortgage structured on fully capital and interest (repayment) basis

Trinity Financial product and communications director Aaron Strutt says: “Barclays is the latest big bank to start offering income stretch mortgages now that the regulator has relaxed the lending rules. 

“Six times salary used to be viewed as a pretty huge income stretch but now so many of the lenders are offering 5.5 or six times single or joint salary mortgages it is getting more standard. 

“Other banks and building societies will almost certainly increase their income multiples over time to keep pace with their competitors. 

“While many of the lenders will only offer higher income multiple mortgages to those earning over £75,000 or £100,000 there are lots that will offer them to those earning much less. 

“The banks obviously think that their customers are struggling to get sufficiently large mortgages to get the properties they want and they are reacting accordingly.

“It is good to see these sort of multiples being targeted at higher earners who are buying their next home, as income stretches have been mainly available for first-time buyers – especially via the bigger lenders. 

“But now established home owners can benefit from the same extended multiples. 

“They still need to make sure they are not overstretching themselves financially even if the big banks say they can afford the mortgage.

“Barclays offered 5.5 times salary mortgages before this change and was one of the first big banks to offer these income stretch deals to borrowers many years ago.”