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.
We’re increasing our rates
In line with our commitment to give you two days’ notice of product closures, we will be closing products at 8pm Thursday 04 May.
We will be launching new products at 8am Friday 05 May.
Here’s what’s changing:
Owner-Occupied (new business)
- Increasing all Fixed New Business rates at 65-85% LTV
- Increasing all Offset, Interest-only & Offset Interest-only New Business rates
Buy to Let (new business)
- Increasing all Fixed BTL and Portfolio BTL New Business rates
New business cases
Remember, an AIP does not secure a closing product. If an AIP refers, we can’t guarantee we’ll be able to review it before the product is closed.
So, if your AIP does refer, you should copy the case and click through to full mortgage application to secure the product. Applications received after 8pm Thursday 04 May will not be accepted.