Coventry for intermediaries has relaxed lending rules across residential and landlord products, allowing some customers to borrow more.
The broker-only arm of Coventry Building Society says its changes include raising loan-to-value limits for self-employed capital raising, now up to 75%, up from 65%.
It has also raised maximum loan amounts to £3m for residential applications and £1.5m for landlord applications.
The lender has also lifted maximum LTV limits across its residential loans.
It says residential loans between £600,000 and £750,000 rise to 90% LTV, up from 85%, loans between £750,000 and £1m rise to 85% LTV, up from 80%.
The lender adds that residential loans between £1m and £1.5m rise 80% LTV, up from 75%, while loans between £1.5m and £3m rise 75%, up from 65%.
It says that loans under £400,000 remain unchanged at 95% LTV.
The firm says these changes come to market immediately, which allows brokers to determine their client’s maximum loan amount using the affordability calculators on its intermediary website.
Coventry Building Society head of intermediary relationships Jonathan Stinton says: “We’ve made these changes to ensure our criteria remains competitive and continues to meet the needs of brokers and their clients.
“By increasing maximum loan amounts and LTV limits, we’re making it possible for more borrowers to access the funding they need.”
