The lender said that the changes will allow some clients to borrow more than before.

Applicants with a combined income of less than £45,000 looking for capital and interest loans, can now receive a LTI ratio of 4.45x income across loan-to-value (LTV) tiers.

In addition, the LTI ratio for interest-only loans is 4.45x income for applicants earning less than £45,000.

Up to £99,999

For capital and interest applicants with a combined income of between £45,000 to £99,999, the LTI ratio is 5x income at 75% LTV or less or between 75% LTV and 85% LTV.

The LTI ratio for capital and interest loans over 85% LTV is 4.45x income, which is also the same for interest-only loans.

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More than £100,000

For capital and interest applicants earning £100,000 or more, the LTI ratio is 5.5x income for loans at 75 per cent LTV or less or between 75% and 85% LTV.

For loans over 85%, LTV at this income bracket is 4.45x income.

On interest-only loans for those earning £100,000 or more, the LTI ratio is 5.5x income at 75% LTV or less and five times income over 75% LTV.

For remortgages without capital raising, the maximum income multiple is 5.5x income.