Coventry for intermediaries have made positive changes to their lending criteria, providing greater flexibility for brokers and their clients.
The changes are designed to open doors for more first time buyers, helping more clients step onto the property ladder.
Take a quick look at what’s changed:
· The maximum loan to income available to first time buyers has increased to up to 6.5x*
· The maximum LTV on new build houses has increased to 95%
· The maximum LTV on new build flats has also increased to 85%. View Coventry for intermediaries Lending criteria updates or find out more about our first time buyer proposition.
*No applicant can be self-employed, min income £30k (sole), £50k combined (joint), all applications are subject to our lending checks.
FOR INTERMEDIARY AND PROFESSIONAL FINANCIAL ADVISORS ONLY. NOT FOR CUSTOMER USE.