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 15 February
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
- Increasing all Fixed rates at 65% – 85% LTV (Excl. Offset)
- Increasing all 2 & 3 Year Fixed Purchase rates at 90% LTV
- Increasing all 5 Year Fixed Purchase rates at 90-95% LTV with fee
- Increasing all 3 & 5 Year Fixed Remortgage rates at 90% LTV
- Increasing all 2 Year Fixed Remortgage rates at 90% LTV with no fee
- Increasing all 2 Year Fixed Remortgage Offset, Interest-Only and Offset Interest-Only rates with fee
Existing Borrowers
- Increasing all Fixed rates at 65% – 85% LTV (Excl. Offset)
- Increasing all 2 Year Fixed rates at 90% – 95% LTV with no fee
- Increasing all 5 Year Fixed rates at 95% LTV with no fee
Buy to Let & Portfolio Buy to Let
New Borrowers
- Increasing all 2 Year Fixed Remortgage rates
- Increasing all 2 Year Fixed Purchase rates with no fee
- Increasing all 5 Year Fixed rates
Existing Borrowers
- No changes to the range
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.