The Coventry Building Society is increasing its maximum age at end of term from 75 to 85 for buy-to-let borrowers.

The maximum age at application will be 75.

Kevin Purvey, director of intermediaries at the Coventry, said: “Today’s 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.

“We have therefore reviewed our lending policies to adapt to these changes, while of course remaining committed to lending responsibly.”