"Having listened to feedback from intermediaries, we have adjusted our affordability criteria while remaining committed to lending responsibly"
Speaking to Financial Reporter, a spokesperson said that the changes were "commercially sensitive" but stated that changes had been made to "many aspects of our affordability calculations... to ensure that our policies are in line with current market conditions".
Coventry added that it will now be able to lend more on average, subject to full affordability checks and lending policy.
Kevin Purvey, Head of Intermediaries, said: "Having listened to feedback from intermediaries, we have adjusted our affordability criteria while remaining committed to lending responsibly and ensuring good customer outcomes.
“The changes mean that more brokers will find that Coventry for intermediaries has the right solution for their clients, and they are able to take advantage of our competitive range of products and excellent service.”
