Coventry for intermediaries has unveiled limited company buy to let mortgages, available for both remortgage and purchase.

The new offering allows for up to four directors/shareholders to be named on an application and benefits from an extensive conveyancing panel of over 200 solicitors.

Applications are submitted via a mortgage sales & origination (MSO) portal helping brokers save time and to track and amend cases easily.

Criteria changes have also been implemented for landlord customers: increased maximum lending exposure to £2.5m (from £2m) ; landlords can have seven properties with the society; and the total portfolio limit has been expanded to 15 properties.

Commenting on the product launch Coventry Building Society director of mortgage distribution Kevin Purvey said: “As a trusted brand in the buy-to-let sector, moving into limited company lending is a natural step for us. Our proposition makes it easier for landlords to structure their businesses in a way that works for them, while also giving brokers the tools they need to provide the best possible service to clients.”