Specialist lender Kensington has increased its maximum LTV to 90%.

It says it made the change following feedback from intermediaries. It has also made changes to criteria, which it says will make its mortgages more accessible for customers and offer greater opportunity for intermediaries.

Kensington has simplified its minimum income requirements for first time buyers borrowing more than 80% LTV. Single applicants will now need to demonstrate a minimum income of £35,000, with joint applicants demonstrating a minimum joint income of £40,000. There is no separate minimum income requirement for the main applicant on joint applications.

The lender has also changed criteria on its buy-to-let products. For landlords who can demonstrate they have “satisfactorily”” maintained mortgages on at least four buy to let properties for the previous 12 months