The team at Coventry for intermediaries has written to brokers ahead of the forthcoming BTL maturity period.

With a record number of products coming to an end soon, reflecting the surge of fixed rate business that followed the government’s 3% increase in Stamp Duty on BTL properties in 2016, it promises to be a busy time for the Buy to Let market.

Jonathan Stinton, Head of Intermediary Relationships, says, “These maturities will bring some great business opportunities for brokers. Now is the time for them to get in touch with their landlord clients so they can discuss their product transfer and remortgage requirements and secure the right deal for them.”

Jonathan suggests that brokers look for lenders with a real commitment to the BTL market and flexible products, in particular those that allow for a client’s changing circumstances.

He says, “A product like our Flexx Fixed is a good example because it gives landlords the security of fixed monthly payments but also allows them to make unlimited overpayments without penalties.”

Coventry for intermediaries has improved its affordability calculations for Buy to Let lending, opening up more options for landlord clients looking to borrow more. And because their standard BTL policy also applies to portfolio landlord applications, this applies to clients with one rental property or several.

Jonathan says, “We’re here to help brokers find the right deals for their BTL clients by offering a range of competitive products, a straightforward approach to lending and an outstanding level of support as we head towards what’s going to be a particularly busy period.”

To view the full BTL product range, which includes 2 and 5 Year Fixed Rate products from 65%-75% LTV, go to: https://www.coventrybuildingsociety.co.uk/intermediaries/products/btl