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Barclays has eased its acceptance criteria once again and is now offering to lend up to five times salary for mortgages over £200,000.

The bank's latest policy change enables borrowers looking for £200,000-plus mortgages to borrow five times both single and joint salaries. In March, Barclays increased the maximum mortgage income multiple for loans over £300,000 to five times salary.  

The lender has different income multiples depending on the type of borrower. For example, where lending is up to £300,000 (or over 85% LTV) the mortgage will be capped at 4.49 times income.

There is also a cap of 4.4 times income for Help to Buy mortgages, or a limit of 4 times salary for loans above 85% LTV where the income is less than £50,000.

A spokesman for Barclays told Mortgage Strategy magazine: “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.”

For help to secure a five times salary mortgage, call Trinity on 020 7016 0790

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