Coventry have announced an intermediary update which is available below. Coventry and Godiva products are available through our direct to lender mortgage club so contact our team to find out how we can help you and our business with our mortgage support.
Lending criteria updates for Coventry for Intermediaries
Coventry for intermediaries have made some updates that could benefit brokers and their clients. They have:
1. Made some changes to improve their affordability assessment.
2. Raised their maximum loan amounts for residential to £3 million. And for BTL, this has increased to £1.5 million.
3. Increased residential and BTL maximum LTV limits.
4. Increased LTV limit for self-employed for capital raising up to 75%.
You can take a look at all the changes on their website once the embargo lifts. View Coventry for intermediaries lending criteria updates