Platform has increases its maximum loan to income ratio to 4.85 for borrowers under 80% loan-to-value including fees.
Previously Platform had a max loan to income of 4.49 across the board – but that now only applies outside the specified criteria.
Paul Norcott, head of Platform, said: “We’re pleased to be able to offer this increased loan to income ratio to our brokers, helping them to find the best deal for their clients.
“We have included eligibility criteria for this more favourable loan to income ratio to ensure that we’re still maintaining a responsible stance on lending options.”
Under Prudential Regulation Authority rules lenders have to make sure no more than 15% of new mortgages are above a loan to income ratio of 4.5 over four quarters on a rolling basis.
Platform is the intermediary mortgage brand of The Co-operative Bank.