Precise Mortgages has made changes to its criteria.

It has introduced an interest-only option across the entire near prime range and increased its maximum loan size to £1 million.

Also, self-employed clients who have been trading for two years now only to need produce one year of accounts.

Alan Cleary , managing director of Precise Mortgages, said: “It is a tough market for mortgage customers but we are committed to finding ways to help borrowers who have been shunned by high street lenders.