Building on their purpose to support wider home ownership. Coventry for intermediaries has updated their lending criteria on new build properties.
Changes to criteria include:
Ben Williams, Corporate Account Manager at Coventry for intermediaries says “We recognise that new build properties are a key component to a vibrant housing market. They can be a great choice for first time buyers and are often more environmentally efficient. Our new build proposition has been developed with brokers and admins in mind. They can apply for an offer extension up to 30 days before expiry and we won’t request a client signature or involvement from your conveyancers.
We have a dedicated new build team to support brokers with their applications or alternatively they can contact their BDM or TBDM. All new build applications will be reviewed by a specialist team of underwriters applying a common sense approach”.
For more information visit New build