The group’s gross lending hit £2.5bn which is some 43% higher than the same period in 2018.
The mortgage can be used by investors to purchase or refinance property or to exit an existing bridging facility.
The Coventry Building Society will use the platform to establish a deeper understanding of the UK affordability landscape.
The deal still requires approval from the Financial Conduct Authority and the Prudential Regulation Authority.
Mark Hayward of NAEA Propertymark said the plan would be of great assistance to the UK property market.
Ultimate Finance has reported its strongest first half performance on record having provided £750m to SMEs in 2019 so far.
Two bedroom houses make up as little as 2% to 3% of the houses on the market in some areas.
We take a look at Boris Johnson’s new cabinet and the familiar faces it is comprised of.
The society enabled thousands of people to buy their own homes, helping people to buy their first property or move home 8,393 times through £4.0bn in gross lending.
The former television presenter is the ninth Housing Minister in 9 years.