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.
The Coventry Product Rotation
The Coventry have agreed the following changes to take effect from Friday 7th August:
Owner-Occupied:
New Business –
• Reducing all 2-year Fixed rates
• Reducing all 3 year at 65% – 90% LTV Fixed rates
• Reducing all 3-year FTB exclusive at 95% LTV with no fee
• Reducing all 5-year Fixed rates (Excl. FTB exclusive 90% LTV with £499 fee)
• Reducing all Offset, Interest- only and Offset Interest-only Fixed rates
• Relaunching 2, 3, & 5-Year FTB rates at 65%, 75%, & 85% LTV
Existing Customers –
• Reducing all Fixed rates (Excl. all 3 year 95% LTV)
BTL and Ltd.Co BTL
New Business –
• Reducing all Fixed Purchase rates
• Reducing all 5-year Fixed Remortgage rates (Excl. 65% LTV)
• Reducing all Ltd. Co Fixed rates
Existing Customers –
• Reducing all Fixed rates