Coventry have announced an intermediary update which is available below. Coventry and Godiva products are available through our direct to lender mortgage club so contact our team to find out how we can help you and our business with our mortgage support.
Product updates
We’re increasing our rates
True to our pledge to give you two days’ notice of product closures, our latest changes will come into effect from 8am Friday 13 May.
Here’s what’s changing:
Owner-Occupied
- All standard fixed and tracker rates increasing
- All Interest-only rates increasing, including Offset Interest-only
- No changes to standard Offset rates
- No changes to the following PT & FA only rates (FPU25, FPU26, FPU27, FPU28, FPU29)
Buy to Let
- All BTL & Portfolio Landlord rates increasing including Tracker rates
Remember, an AIP does not secure a closing product. If an AIP refers, we can’t guarantee we’ll be able to review it before the product is closed.
So, if your AIP does refer, you should copy the case and click through to full mortgage application to secure the product. Applications received after 8pm Thursday 12 May will not be accepted.
Visit our website for more information on our Lending policy.
All products will be available to view on our website from day of launch.