Market Harborough Building Society has introduced a series of criteria enhancements to its tier two residential mortgage products, in order to support brokers handling complex cases and widen access to its lower-tier rates.

The updates, which take effect immediately, stem from broker feedback gathered through the Society’s newly formed Lending Advisory Panel, which met for the first time on 24 July.

They mark the latest step in Market Harborough’s continued drive to simplify the placement of non-standard mortgage applications, including those from expats and clients with less conventional income streams.

The most significant changes involve a relaxation of income multiple restrictions and a broadening of accepted income sources. Borrowers can now access up to 6x income under tier two — subject to affordability — with the possibility of exceeding that threshold via the Society’s tier three range.

In addition, affordability assessments can now be supported by savings within tier two, and complex income such as vested share income will also be accepted.

Iain Smith (pictured), head of mortgage distribution at Market Harborough Building Society, said the enhancements demonstrated a direct response to broker needs.

“These changes are a direct result of broker feedback, and we’re proud to be acting on it quickly,” he said.

“Expanding our tier two criteria means more clients can benefit from better rates, including expats and those with complex income.

“This reflects our ongoing commitment to being best for brokers. We’re focused on doing the right thing for them and their clients, and that means regularly listening to feedback and acting on it.”

The Society’s latest changes follow its recent decision to relax stress testing for residential cases up to £5m, in a bid to further increase affordability and open up greater borrowing potential for clients with more complex profiles.