View more on these topics

Coventry Building society increases B2L maximum age to 85

House-For-Rent-Home-700.jpg

Coventry Building Society is set to increase its maximum age at end of term on buy-to-let lending by ten years, from 75 to 85.

The maximum age for applicants will be 75.

Coventry Building Society director of intermediaries Kevin Purvey says the mortgage market has to adapt to the changing needs of borrowers.

“With more people working later in life, Buy to Let investors may want to keep their investment property to supplement their income, or to help save for the future,” he says.

Recommended

Savings-House-Property-Mortgage-Ladder-700.png
1

Coventry ends family mortgage over stamp duty pressure

Coventry Building Society has closed its Step Up family mortgage to new business due to parents and guardians being hit by stamp duty hikes aimed at landlords. The Step Up mortgage was designed to bolster first-time buyers’ income with that of their parents or grandparents as part of Coventry’s income assessment. The Step Up loan […]

Coventry launches seven-year fixed range

Coventry for Intermediaries has launched a range of seven-year fixed residential mortgages. The range is available from today. Rates start from 1.99 per cent for a seven-year fix at 50 per cent LTV with a £999 arrangement fee. The new products also include a 2.55 per cent product at 85 per cent LTV, also with […]

UK-Currency-Money-Pound-GBP-700x450.jpg

Coventry for Intermediaries launches 50% LTV range

Coventry for intermediaries has launched a 50 per cent LTV range across its residential and offset portfolios. The residential 50 per cent range includes a 2.09 per cent five-year fixed with early repayment charges payable to September 2021 and a £999 arrangement fee. The offset range includes a 2.19 per cent five-year fixed with the […]

Could Proptech revolutionise construction?

By Rebecca Murphy, relationship manager, LendInvest  The construction sector offers enormous potential when considering the implication emerging technologies could have on both existing processes and final results. While the completion of an entirely 3D-printed office block may be ‘sexier’ news than a new smart toolbelt that tracks the wearer’s location on site, each area of development […]

Finance is only one hurdle for small developers

The housebuilding market in its current form simply isn’t working. We are completely over-reliant on the biggest players in the industry – the largest nine are responsible for more than 50 per cent of the new homes built in the UK. But there is a reluctance to do more, particularly in this uncertain post-Brexit world. And with […]