This is semi-exclusively available through a select group of distributors including Impact Specialist Finance. 

Borrowers who are purchasing or remortgaging with an annual income of £50,000 can get a loan up five times their income. For those earning £60,000, an income multiple of 5.5 times income applies and those earning £80,000 a year can access loans of up to six times their income. 

A very good credit history is required. 

The product is available up to 85 per cent loan to value (LTV), including an arrangement fee, with a rate of 4.49 per cent for purchase and 4.59 per cent for remortgage. 

These are respective discounts of 2.8 per cent or 2.7 per cent from the standard variable rate. 

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The minimum loan amount is £50,000 and the arrangement fee is £999. 

Early repayment charges starting from four per cent apply, and this falls incrementally by one percentage point each year of the three-year fixed period. 

For remortgages, a free standard valuation is offered on properties up to £400,000 as well as free legal fees. 

Dale Jannels (pictured), managing director at Impact Specialist Finance, said: “Affordability is a challenge for many borrowers at present and so these new products are welcomed enabling us to offer more brokers and their client’s alternative options.”