The Coventry Building Society has made the decision to temporarily withdraw all residential, buy-to-let and further advance mortgage products above an LTV of 65% with immediate effect.
The Society’s full product transfers product range remains available.
The Coventry said the ever-changing Coronoavirus situation and its impact on the market has led to the decision, to enable the Society to maintain support to brokers and customers whilst also following official guidelines to ensure the safety and wellbeing of its employees.
The changes are temporary, but will allow the Society to continue to support the unprecedented number of requests from customers who require payment holidays, and process mortgage offer extensions for those in need.