Coventry Building Society has brought back 75 per cent loan-to-value remortgage deals for residential and buy-to-let borrowers.

The lender has launched new products today after previously capping LTVs at 65 per cent when lockdown restrictions came into force making physical valuations impossible.

Coventry has also updated its policy on self-employed borrowers in a move it says is temporary.

From today it will only accept applications from borrowers with businesses that are continuing to actively trade.

Each case will be individually assessed by its underwriting team which means that agreements in principle may take more time.

The lender warned advisers that they may be asked to provide additional documentation for these clients, such as three months’ business bank statements.

Applications that were submitted before today will be assessed under the previous self-employed policy.