Santander has actually increased earnings multiples, or loan to earnings (LTI) ratios, to as much as 5.5x earnings in many cases.
The loan provider said that the modifications will permit some customers to obtain more than in the past.
For capital and interest loans, candidates with a combined earnings of less than £45,000 the LTI ratio concerns 4.45 times earnings throughout loan to worth (LTV) tiers.
The LTI ratio for interest-only loans is 4.45 times earnings for candidates making less than £45,000 also.
For capital and interest applicants with a combined earnings of between £45,000 to £99,999 the LTI ratio is five times income at 75 per cent LTV or less or between 75 per cent LTV and 85 per cent LTV.
The LTI ratio for capital and interest loans over 85 per cent LTV is 4.45 times income, which also reads across to interest-only loans.
For capital and interest candidates making £100,000 or more the LTI ratio is 5.5 times earnings for loans at 75 per cent LTV or less or in between 75 and 85 per cent LTV.
For loans over 85 per cent LTV at this income bracket the LTI ratio is 4.45 times income.
On interest-only loans for those earning £100,000 or more, the LTI ratio is 5.5 times income at 75 per cent LTV or less and 5 times earnings over 75 percent LTV.
For remortgages without capital raising, the maximum earnings multiple is 5.5 times earnings.
