The bank has increased its LTI multiple for first-time buyers earning over £35,000.

The lender has also reduced the minimum income requirement to £40,000 for customers seeking to borrow at 4.5x LTI and above.

The Society has introduced enhanced affordability to support remortgage borrowers.

Eligible customers with a 10% deposit may be able to borrow up to 27% more.

Borrowers earning above £100,000 can now borrow 5.5x income up to 90% LTV.

Other criteria updates include changes around capital raising and simultaneous completion.

Over 6x income is now available on selected products.

The Society has also announced stress rate reductions on all two-year fixed residential products.

Precise will offer income multiples up to 6x at 95% LTV, includes borrowers with recent adverse.

The change will support 12% more affordability-constrained buyers, with maximum loan amounts increasing by as much as 22%.