Coventry slashes interest-only maximum LTV

Published on

The Coventry Building Society has become the latest mortgage lender to tighten its interest-only criteria.

It has cut the maximum LTV to 50%.

In a statement, the mutual said: “Following moves by a number of other lenders to restrict their criteria for interest only lending the Coventry has also reduced the maximum loan to value to 50% where any aspect of the loan is interest only.

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Lloyds expects swell in completions ahead of stamp duty deadline

Lloyds Banking Group anticipates a 50% growth in property completions this month as buyers...

Satchell the latest to leave HTB bridging division

Lorenzo Satchell has become the latest senior member of the bridging team at Hampshire...

Clydesdale Bank to cut mortgage rates across multiple product ranges

Clydesdale Bank has announced a series of rate reductions across its residential mortgage products,...

LV= joins CIExpert’s Insight Zones

LV= has joined CIExpert’s Life & Critical Illness Cover (CIC) and Income Protection (IP)...

Other news

Lloyds expects swell in completions ahead of stamp duty deadline

Lloyds Banking Group anticipates a 50% growth in property completions this month as buyers...

Satchell the latest to leave HTB bridging division

Lorenzo Satchell has become the latest senior member of the bridging team at Hampshire...

Clydesdale Bank to cut mortgage rates across multiple product ranges

Clydesdale Bank has announced a series of rate reductions across its residential mortgage products,...