15 September 2016
From today, Thursday 15 September, The Coventry for Intermediaries are making some positive changes to their BTL lending criteria based on broker feedback.
All other aspects of their lending policy remain unchanged.
Kevin Purvey, Director of Intermediaries, said “Today’s mortgage market has to adapt to the changing needs of borrowers. With more people working later in life, Buy to Let investors may want to keep their investment property to supplement their income, or to help save for the future. We have therefore reviewed our lending policies to adapt to these changes, while of course remaining committed to lending responsibly”.