Coventry for Intermediaries tweaks affordability criteria

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Coventry for Intermediaries has made changes to its affordability model.

The intermediary mortgage lending arm of the Coventry Building Society says the move will increase the borrowing capacity available to many prospective clients.

Kevin Purvey, the Coventry’s head of intermediaries, said: “Having listened to feedback from intermediaries, we have adjusted our affordability criteria while remaining committed to lending responsibly and ensuring good customer outcomes.

“The changes mean that more brokers will find that Coventry for Intermediaries has the right solution for their clients, and they are able to take advantage of our competitive range of products and excellent service.”

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