Tipton & Coseley Building Society has reintroduced lending at up to six and a half times income as part of a series of mortgage product changes.

The mutual’s high income multiple range, last offered in early June, includes a two-year discount mortgage for purchases at up to 80% loan-to-value.

The product has a rate of 5.59% and a £999 arrangement fee. It is aimed at borrowers who can demonstrate greater borrowing capacity.

Tipton has also reduced selected rates for expat residential borrowers. Its two-year discount mortgage at 90% loan-to-value has been cut by 0.21 percentage points to 5.69%, while the previous £1,499 arrangement fee has been removed.

An expat residential purchase mortgage fixed at 5.69% for three years is available at 70% loan-to-value. The range also includes fixed-rate options at 80% and 85% loan-to-value.

For expat buy-to-let borrowers, the society has introduced a two-year fixed-rate mortgage at 5.64% and 70% loan-to-value.

Its limited company buy-to-let mortgages now start at 4.69%, fixed for two years at 60% loan-to-value.

Becky Wheeler, head of product and sales operations at Tipton & Coseley Building Society, said: “We appreciate the market is challenging at the moment as brokers contend with frequent product changes and price fluctuations.

“Our commitment is to maintain a competitive position by sharpening our rates where we can and introducing products across a broader range of LTV bands. This creates choice and could enable clients to act more quickly on their homebuying plans.”