The professional income boost range is aimed at young professionals in select industries, including accountants, dentists, solicitors, management consultants and investment bankers who are on graduate schemes.

The range has two and five-year fixed rates at 80%, 85% and 90% loan to value (LTV) with pricing beginning at 5.27%.

A full list of eligible professions can be found here.

The professional income boost range acknowledges the “earning potential of professionals in the early stages of their career”, the lender said.

It continued that it improved its ability to “embrace a wide range of income profiles and find a solution for as many borrowers as possible”.

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Tony Hall (pictured), head of business development at Saffron for Intermediaries, said: “At Saffron, we are constantly looking for ways to expand our product offering to recognise the complex needs of customers. Young professionals often struggle to meet the affordability criteria for loans that reflect their full earning potential.

“This range aims to solve that issue, by recognising that their income is likely to grow relatively quickly. Our new range also accepts a broader range of professions than some other equivalent products, in response to the changing needs of brokers and their customers. We look forward to continuing to work with brokers to help more young home buyers or movers.”

Saffron Building Society recently refreshed its income allowance criteria and interest coverage ratio (ICR) in August following broker feedback.