"Our sales team were being asked almost daily if we could consider applications with family gifted equity, so we’ve worked hard to do something about that and fulfil market demand."
Gifts from parents, grandparents, siblings, aunts and uncles - including step and adopted relationships will qualify.
Applications from contractors will now be assessed on their contracted rate, with a 48 times weekly rate multiple, up to 85% LTV.
New contractors with a minimum of three months proof of contractor income, will also be considered up to 75% LTV.
Sales and marketing director at The Mortgage Lender, Pete Thomson, said: “Our sales team were being asked almost daily if we could consider applications with family gifted equity, so we’ve worked hard to do something about that and fulfil market demand.
“We continue to listen to intermediaries to make sure our products remain relevant and competitive, which will put us and our introducers in a strong position to benefit from increased demand for innovative lending solutions.”