Kevin Purvey, Coventry’s director of intermediaries, said: “We’re delighted to add to our buy-to-let range, plus, all of our products are booking fee-free and include a valuation of up to £700 for buy-to-let mortgages.”

Coventry Building Society achieves record mortgage lending in H1

In July, the mutual reported record first half lending of £4.8bn, with buy to let playing a key role in the provider’s mortgage growth.

However, it reported that the introduction of the 3% Stamp Duty premium for second homes on 31 March had ‘distorted’ buy-to-let demand during the period and said it expected overall demand to weaken with the incoming tax relief changes and ongoing tightening of underwriting in the sector.

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Last month Coventry Building Society increased the maximum age allowed at the end of term for buy-to-let investors from 75 to 85. The maximum application age for buy-to-let deals at the mutual will now be 75.