Coventry for Intermediaries has updated its maximum loan-to-values (LTVs) across its owner occupied and buy-to-let ranges.
We lender has increased its maximum LTV to 75% across both ranges to increase remortgaging options for borrowers with a new selection of two and 5-year fixes on residential and offset.
The lender also has a selection of Flexx Fix options offering greater flexibility for buy-to-let borrowers.
There are also product transfer options available for existing customers with LTVs up to 90% LTV for residential and 75% LTV on BTL.
The changes will come into effect today and communications have been sent to brokers detailing the new products and policy changes.