Platform is now allowing some customers to borrow up to 4.85 times income, up from its previous flat rate of 4.49.
The Co-operative Bank’s intermediary arm will lend more to applicants where LTV is less than or equal to 80 per cent including any fees added to the loan, subject to minimum disposable income.
The loan-to-income multiple of 4.49 will continue to apply to all other residential mortgages that do not meet the criteria.
Platform head Paul Norcott says: “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.”