Tipton & Coseley Building Society will again lend at up to 6.5x income.
The building society has reintroduced the multiple high-income loans it last offered in early June.
High-income multiple mortgages are intended for customers who can demonstrate that they have greater borrowing capacity. In these cases, the Tipton lends up to 6.5x income.
A two-year discount of up to 80% Loan-to-Value (LTV) is available, priced at 5.59% for new purchases with a £999 arrangement fee.
Certain rates have been reduced in other categories, including those for expat borrowers.
A reduction of 21 basis points brings the interest rate on a two-year discount at an LTV of 90% down to 5.69%. The previous scheme fee of £1,499 has also been removed.
Customers who prefer to fix their mortgage can get the same rate of 5.69% over three years. This is for expat home purchases with a 70% LTV, or there are further 80% fixed rate and 85% LTV options that complete the range.
Expat buy-to-let mortgages have undergone a similar overhaul, with a two-year fixed rate of 5.64% at an LTV of 70%. The Tipton’s buy-to-let mortgages now start at 4.69%, with a two-year fixed term at a 60% LTV.
Becky Wheeler, head of product and sales at Tipton & Coseley Building Society, said: “We recognize that the market is challenging at the moment as agents deal with frequent product changes and price fluctuations.
“Our commitment is to maintain a competitive position by tightening our rates where possible and introducing products in a wider range of LTV bands. This creates freedom of choice and can enable customers to take quicker action on their home purchasing plans.”