Bath Building Society has announced a series of criteria updates designed to give brokers greater flexibility and improve the experience for clients across both residential and buy-to-let lending.

The maximum loan size has been increased to £2 million for standard residential and buy-to-let products, while the minimum loan has risen to £75,000.

For limited company buy-to-let and holiday let mortgages, the minimum loan threshold is now £100,000.

In a move aimed at improving turnaround times and reducing costs, the society has also broadened its Automated Valuation Model (AVM) limits.

Other changes include removing the requirement for dual legal representation on limited company transactions involving buy-to-let or holiday let properties, and allowing gifted deposits from parents living outside the UK.

Bath Building Society has also confirmed that Right to Buy applications will now be accepted on flats and apartments, subject to standard criteria.