"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. "
- Kevin Purvey, Director of Mortgage Distribution at Coventry Building Society
Designed to support landlords who choose to hold their property in a company structure, Coventry for Intermediaries has launched limited company buy-to-let mortgages.
Available for both remortgage and purchase cases, this new offering provides “greater flexibility for landlords looking to expand or manage their portfolios efficiently.” Up to four directors/shareholders can be named on an application and will benefit from an extensive conveyancing panel of over two hundred solicitors.
Coventry for Intermediaries has also increased maximum lending exposure to £2.5mn (previously £2mn), landlords can now have seven properties with the society, and the total portfolio limit has expanded to fifteen properties.
“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,” explained Kevin Purvey, Director of Mortgage Distribution at Coventry Building Society.
“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 landlords and ultimately the tenants who rely on a strong and stable rental market,” he concluded.
