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 Tuesday 03 October
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 & Existing Borrowers
- End dates extending across entire range
Buy to Let & Portfolio Buy to Let – New & Existing Borrowers
- End dates extending across entire range
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.
Product updates
Closures will come into effect from: 8pm Thursday 05 October
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 standard* Fixed rates excluding 75% LTV
Existing Borrowers
- Reducing all standard* 2 Year Fixed rates excluding 75% and 90%-95% LTV
- Reducing all standard* 3 Year Fixed rates excluding 75% LTV
- Reducing all standard* 5 Year Fixed rates excluding 75% and 95% LTV
- Reducing all Offset only rates at 65% LTV
* This does not include Offset, Interest-only or Offset Interest-only ranges
Buy to Let & Portfolio Buy to Let
New Borrowers
- Reducing all Fixed rates
Existing Borrowers
- Reducing all 2 Year Fixed rates excluding 50% LTV
- Reducing all 5 Year Fixed rates at 75%
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.
Lending criteria
Check your clients are eligible for a mortgage with us.