Coventry for intermediaries has launched a range of limited company buy-to-let mortgages.
Available for both remortgage and purchase cases, the new offering allows up to four directors/shareholders to be named on an application and access to an extensive conveyancing panel of over 200 solicitors.
Brokers can also take advantage of the Society's remortgage transfer service, ensuring a smooth process for clients looking to refinance their existing properties.
Applications are submitted via MSO, helping brokers save time and allowing them to track and amend cases easily.
To further support brokers and landlords, Coventry for intermediaries has also announced a series of criteria changes.
Coventry has increased the maximum lending exposure from £2m to £2.5m, with the total portfolio limit expanded to 15 properties, while landlords can also have seven properties with the Society.
Kevin Purvey, director of mortgage distribution at Coventry Building Society, said: “As a trusted brand in the buy-to-let sector, moving into limited company lending is a natural step for us. Our proposition makes it easier for landlords to structure their businesses in a way that works for them, while also giving brokers the tools they need to provide the best possible service to clients.
“The rental market remains a vital part of the housing sector, and landlords need the right support to continue providing good-quality homes to those looking to rent. By offering limited company buy-to-let mortgages with flexible criteria, we’re helping brokers, landlords, and ultimately the tenants who rely on a strong and stable rental market.”
