Saffron for Intermediaries made a series of changes to its mortgage range, which could see some borrowers get up to £76,000 more.
The lender brought in a new loan-to-income (LTI) and loan-to-value (LTV) matrix for standard residential and self-build, with LTIs up to 5.5x and up to 6x for professionals.
Borrowers could access up to £39,000 more where LTV is 85 to 90%, and up to £76,000 more when LTV is below 85%, depending on the case.
The joint borrower sole proprietor (JBSP) option now covers home movers and remortgages, which allows more families to pool their income.
Saffron also launched a premier income product for those earning over £150,000, with uncapped LTI and loans up to £5m.
The new expat residential product is for clients returning to the UK who have direct family still in the home.
Further changes included a 1% cut to stress rates in affordability checks, meaning some clients could borrow up to £25,000 more.
Affordability assessments were updated in line with the latest Office for National Statistics (ONS) cost of living figures.
Contractors with more than two years’ experience can now access standard owner occupied loans, and self-employed borrowers trading for over two years can now use the professional income boost.
Additionally, Saffron has updated its first-time buyer (FTB) JBSP product to allow two owner borrowers and two supporter borrowers.
Tony Hall, head of business development at Saffron for Intermediaries, said: “This is one of our most comprehensive refreshes to date, with our brand new LTI Matrix, Expat Residential, Premier Income, and JBSP categories all designed to reflect the clients brokers are working with today.
“These updates directly support globally mobile professionals, high earners, and families pooling income across generations.
“Alongside this, we’ve strengthened our existing ranges, extending Professional Income Boost to the self-employed, aligning our Owner Occupied and Contractor propositions, and reducing stress rates to boost affordability.”
Hall added: “Each step helps brokers open up more opportunities for their clients.
“At Saffron, we believe progress isn’t about one big change. It’s about refining, adapting, and layering in smarter solutions over time.”
