Coventry for intermediaries re-introduces 75% LTV remortgage products and makes some temporary changes to how they underwrite self-employed cases

From 29 April 2020, Coventry for intermediaries will be re-introducing remortgage products at 75% LTV across both their owner-occupied and Buy to Let ranges. You can find their latest product information in the product guide.  

Their temporary capital raising policy will remain the same as communicated on the 9 April. You can find out more on capital raising here.>

At the same time, they’ve also made some temporary changes to the way they underwrite self-employed cases.

  • They will only accept applications from businesses that continue to actively trade
  • Each case will be individually assessed by the underwriting team meaning AIPs for your self-employed clients may take a little longer
  • Brokers may be asked to provide some further information, for example, three months’ business banking statements.

This temporary adjustment will only affect residential self-employed lending.

To keep brokers up to date with all the changes they’re making during the Coronavirus pandemic, Coventry for intermediaries has set up a dedicated support page