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.
All residential and Buy to Let fixed rates have reduced
We’ve reduced all our fixed rates by up to 57 bps on residential products and 39 bps on Buy to Let products. Our range of fixed rates includes products applicable for purchase, remortgage and existing clients cases.
And to support your clients interested in offsetting their mortgage we now have selected offset products with no product fee.
Our range highlights:
Plus, check out our Buy to Let range
For your Buy to Let clients, see our BTL and Portfolio range here:
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 11 January
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 (Excl. Offset, Interest-Only, and Offset Interest-Only)
- Reducing all Fixed Purchase rates at 75-95% LTV (Excl. Offset)
Existing Borrowers
- Reducing all 2 & 3 Year Fixed rates (Excl. Offset, Interest-Only, and Offset Interest-Only)
- Reducing all 5 Year Fixed rates at 75-95% LTV (Excl. Offset)
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.
There are no changes to our product range other than those listed.
Lending criteria
Check your clients are eligible for a mortgage with us.