Coventry for intermediaries has updated its lending criteria to give brokers more flexibility and open up more options for clients.
The changes include updates to the affordability assessment, which could allow some applicants to borrow more.
Maximum loan amounts have been raised to £3m for residential applications and £1.5m for buy-to-let (BTL).
There are also increased maximum loan-to-value (LTV) limits for both residential and BTL, with self-employed capital raising now up to 75%.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “We’ve made these changes to ensure our criteria remains competitive and continues to meet the needs of brokers and their clients.
“By increasing maximum loan amounts and LTV limits, we’re making it possible for more borrowers to access the funding they need.
“We know how important it is for brokers to have lenders they can rely on, which is why we’re committed to evolving our criteria in ways that make their job easier.”
Stinton added: “These updates are part of our ongoing commitment to support our intermediary partners and to provide solutions that genuinely work for their clients.”
