Previously, the LTV cap for 5.5 times income multiples was 80 per cent LTV.
To qualify for the improved multiple on a capital and interest mortgage, at least one applicant must have gross annual income of £75,000 or more, or the two highest earning borrowers must have a combined gross annual income of £100,000 or more.
A further relaxation of income criteria has been applied at 85 per cent LTV for capital repayment mortgages. Borrowers can qualify for an income multiple of five times their earnings if the total combined gross annual income of the two highest earning applicants is £60,000 or more.
Barclays will factor in annual bonus income to its affordability assessment for borrowers who are remortgaging.
A Barclays spokesperson said: “We are making some changes to Barclays mortgages loan-to-income multiples for residential lending. From Friday 1 October new loan-to-income multiples will automatically be applied to mortgage applications.”