Accord offering more generous mortgage income multiples for applicants with minimum household income of £50,000

by Aaron Strutt

Jul 15 2025

Accord Mortgages has already responded to the relaxation of limits on higher-loan-to-income mortgages announced by the financial regulator and Chancellor Rachel Reeves by making enhancements to its product range.

Accord Mortgages, the broker-lending arm of the Yorkshire Building Society, is extending its popular ‘Boost LTI’ product, which provides access to mortgages up to 5.5x single or joint incomes, to first-time buyers with at least a 5% deposit. The lender has also lowered the minimum income qualification threshold for this product from £75,000 to £50,000.

Boost LTI has a specific range of two- and five-year fixed rates, priced between 4.1% and 5.2%. Arrangement fees range between £495 and £1,495, and mortgage sizes range between £50,000 and £5 million. 

Accord has also reduced its minimum income threshold for lending up to five times income from £75,000 to £50,000 as part of these latest mortgage changes. This policy change is not just for first-time buyers.

Yorkshire Building Society director of mortgages Ben Merritt (pictured above) commented: “Last week’s announcement by the regulators was exactly what we have been campaigning for, to loosen the shackles and enable us to support even more borrowers – and particularly first-time buyers, in being able to buy homes.”

He added: “The simple fact is that there are customers, including first-time buyers, who can afford to borrow more than 4.5 times their income, who have been shut out of this market by the existing regime.

“We can now offer them a lifeline to borrow what they need for their dream home in line with our commitment to responsible lending. This is crucial in the current economic environment where house prices in many parts of the UK continue to rise at a faster rate than incomes.”

Do many lenders offer income stretch mortgages?

The mortgage market is opening up and there is a lot of choice for borrowers planning to get on the property ladder. Trinity's brokers have access to a range of lenders offering enhanced income multiples for all types of borrowers.

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation

The information contained within was correct at the time of publication but is subject to change.

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