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 11th July
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 rates at 65-85% LTV (excl. Offset)
Existing Borrowers
- Reducing all Fixed rates at 65-85% LTV (excl. Offset)
Buy to Let & Portfolio Buy to Let
New Borrowers
- Reducing all Fixed rates at 65% LTV
- Increasing all Fixed rates at 75% LTV
Existing Borrowers
- Reducing all 2 year Fixed rates at 50-65% LTV with no fee
- Reducing all 5 year Fixed rates at 50-65% LTV
- Increasing all Fixed rates at 75% LTV
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.