Changes that benefit your BTL clients

We’ve increased the number of BTL mortgages allowed with the CBS Group from 3 to 5 per household, a change designed to help your clients increase or consolidate their portfolio with us.

And we’ve introduced a new product range specifically for portfolio landlords with four or more mortgaged BTL properties.

We’ve also:

Increased the aggregate loan limit on all rental properties mortgaged to us to £2 million

Increased the maximum loan amount at 50-75% LTV to £750k

Increased the income threshold to less than £49,000 to qualify for 125% ICR*

*On a reference rate of up to 5.5%, based on the chosen product. The change applies to residents in England, Wales and Northern Ireland. For residents in Scotland, the threshold remains at £42,500.

For intermediary and professional financial advisors only. Not for customer use.

Important information

Our mortgages are provided by Coventry Building Society and/or Godiva Mortgages Limited. The Coventry for intermediaries is a trading name of Coventry Building Society’

Security

Please remember that we will never email you asking you to update your security details. To ensure you always receive emails from us, please add intermediaries@thecoventry.co.uk to your contact list.

Contact information

Our team is available Monday to Friday 9.00am to 6.00pm.

Calls to 0800 numbers are free when made from the UK. You may be charged for calls to all other numbers, please contact your service provider for further details. We may monitor, record, store and use telephone calls to help improve our service and as a record of our conversation.

Registered Offices

Coventry Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (firm reference number 150892 www.fca.org.uk) and is a member of the Building Societies Association.

Principal Office: Coventry Building Society, Economic House, PO Box 9, High Street, Coventry CV1 5QN.

Godiva Mortgages Limited is registered in England and Wales (with company registration number 5830727) and is authorised and regulated by the Financial Conduct Authority (firm reference number 457622 www.fca.org.uk).

Registered Office: Godiva Mortgages Limited, Oakfield House, Binley Business Park, Harry Weston Road, Coventry CV3 2TQ.

EMI382