Virgin Money has made changes to its buy-to-let lending policy, which it says will make it easier to say yes to more customers.

The lender has removed its minimum income requirement for interest coverage ratio (ICR) assessed buy-to-let applications.

It will still need brokers to input all the customer’s income in the application.

Where personal income is used for affordability, Virgin Money still requires a minimum personal income of £50,000, not including income received from buy-to-let properties.

Meanwhile, portfolio landlords can now have up to five buy-to-let properties in the same post code, such as G1 2HL. Previously this was restricted to a postcode area, for example G1.

This restriction does not apply if the application being submitted is a remortgage with no additional borrowing.