Barclays has loosened its loan-to-income criteria by reducing the threshold at which its maximum LTI of five times income applies.
In March, the lender increased its maximum LTI for loans over £300,000 to five times income.
From today, Barclays will offer borrowers up to five times income on loans of £200,000 or over. All other income multiple limits remain unchanged.
A Barclays spokesman says: “Following a regular review of our lending criteria we have decided to broaden our policies.
“This change builds on our recent expansion of our affordability criteria and interest-only offerings to help more customers, whether they are buying a home or remortgaging from another lender.”
Coreco director Andrew Montlake says: “It is a good move by Barclays and shows perhaps the battleground is shifting from rates to criteria.”