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 01 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 Remortgage rates at 75% LTV (Excl. Offset)
- Reducing all Purchase rates at 80%-95% LTV
- Reducing all 3 Year Fixed no fee Purchase rates at 65% LTV and no fee Remortgage rates at 85% LTV
- Reducing all 5 Year Fixed £999 fee Purchase rates at 75% LTV (Excl. Offset) and £999 fee Remortgage rates at 80%-90% LTV
- Extending all end dates
Residential – Existing Borrowers
- Reducing all Fixed rates at 80%-95% LTV
- Reducing all 3 Year Fixed rates at 65% LTV with no fee
- Reducing all 5 Year Fixed rates at 75% LTV with £999 fee (Excl. Offset)
- Extending all end dates
Buy to Let & Portfolio Buy to Let – New Borrowers
- Reducing all Fixed rates
- Extending all end dates
Buy to Let & Portfolio Buy to Let – Existing Borrowers
- Reducing all Fixed rates
- Extending all end dates
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.