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 4th April
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 2 year Fixed Purchase rates at 90% LTV
- Extending all end dates
Existing Borrowers
- Extending all end dates
Buy to Let & Portfolio Buy to Let
New Borrowers
- Increasing all Fixed rates
- Extending all end dates
Existing Borrowers
- 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.
More products for first time buyers
In support of first time buyers and their first steps into home ownership, we’ve launched new rates to add to the FTB fixed range.
Our FTB range offers a cashback incentive of £500 and now includes 65% and 75% LTV products with 2, 3 & 5 year fixed rates, providing more options for your clients.
Our range highlights:
Plus…
We’ve extended end dates on all products across the entire Buy to Let and residential range.