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
In line with our commitment, we’re giving you two working days’ notice of product closures
Closures will come into effect from: 8pm Thursday 26 October
To secure a product, you’ll need to submit the application in full before 8pm on the closure date above. This applies to both new business cases and product transfers.
Any new products will be launched from 8am the date following closure.
Here’s what’s changing:
Residential
New Borrowers
- Reducing all Fixed Remortgage rates at 65%-80% LTV
- Reducing all Fixed Purchase Fee rates at 65%-75% LTV
- Reducing all 2 Year Fixed Purchase No Fee rates at 90% LTV
- Reducing all 3 Year Fixed Purchase No Fee rates at 75%-80% and 90% LTV
- Reducing all 5 Year Fixed Purchase No Fee rates at 95% LTV
- Reducing all Fixed FTB only rates
- Reducing all Offset, Interest-only and Offset Interest-only rates
Existing Borrowers
- Reducing all Fixed Fee rates at 65%-75% LTV
- Reducing all 2 Year Fixed No Fee rates at 90% LTV
- Reducing all 3 Year Fixed No Fee rates at 75%-80% and 90% LTV
- Reducing all 5 Year Fixed No Fee rates at 65%-75% LTV
- Reducing all Offset rates
Buy to Let & Portfolio Buy to Let
New Borrowers
- Reducing all Fixed rates
Existing Borrowers
- Reducing all Fixed rates
Remember – Pending product transfer paper application requests must be signed and sent back to us within 48 hours of the date of illustration.