Coventry for intermediaries has launched limited company buy-to-let mortgages, designed to support brokers working with landlords who choose to hold their properties in a company structure.
Available for both remortgage and purchase cases, the offering aims to provids greater flexibility for landlords looking to expand or manage their portfolios.
Up to four directors or shareholders can be named on an application and will benefit from an extensive conveyancing panel of over 200 solicitors.
Brokers can also take advantage of the remortgage transfer service, ensuring a smooth process for clients looking to refinance their existing properties.
Applications will be submitted via MSO, helping brokers save time and allowing them to track and amend cases easily.
To further support brokers and landlords the lender has increased its maximum lending exposure to £2.5m from £2m.
In addition, landlords can have seven properties with the society, with the total portfolio limit expanded to 15 properties.
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.”
