Central Trust, the first and second charge lender, has revamped its residential mortgage range, introducing four new plans and enhancing its lending criteria.

Its maximum net loan size has been increased to £250,000 (plan 1 capped at 65% LTV) alongside increasing the maximum net loan to £150,000 (plan 2) at 75% LTV.

Plan 1 has a higher minimum loan of £20,000, while plans 1 and 2 both have an internal navigation score and a higher minimum income.

Plan 4 is capped at 70% LTV and allows four units of adverse in the last 12 months (also available on first charge unencumbered).

Central Trust has also reduced the minimum time an applicant needs to have been employed to three months.

All plans are available across England, Wales, Scotland and Northern Ireland.

Maeve Ward (pictured), commercial operations director at Central Trust, said: “At Central Trust, we are continually evaluating our proposition, in order to meet the requirements of borrowers. The changes announced today ensure that we continue to help the underserved, as well as those that need to repair and rebuild, and those who have been victim of circumstance and require a second chance.

“We will continue to challenge and evolve our product proposition throughout 2023, never resting on our laurels to ensure our offering is as competitive as possible.”