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 updating our rates
True to our pledge to give you two days’ notice of product closures, our latest changes will come into effect from 8am Friday 9 September.
Current rates will be available until 8pm Thursday 8 September.
Owner-Occupied
New business, porting, further advances and product transfers
- Reducing the following 2 year fixed rate: FII97
- Reducing the following 5 year fixed rates: FIJ07, FIJ08, FIJ09, FIJ10, FIJ11 & FIJ16
- Reducing standard Offset rates
- Reducing 2 year fixed Interest-only rate
- Increasing the following 2 year fixed rates: FII96, FII98, FII99, FIJ01 & FIJ03
- Increasing the following 5 year fixed rates: FIJ13, FIJ14, FIJ15, FIJ17 & FIJ18
- Increasing 5 year fixed Interest-only rate
- Increasing Offset Interest-only rates
- Increasing all 2 year fixed existing customer only (product transfer and further advance) rates
- Withdrawing all 5 year fixed existing customer only (product transfer and further advance) rates
- Withdrawing tracker rate
Buy to Let
New business, porting, further advances and product transfers
- Reducing all standard BTL rates
- Increasing all Portfolio Landlord BTL rates
New business cases
For 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 8 September will not be accepted.
Product transfers
For product transfers the following will apply:
Online product transfer cases will need to be fully submitted by 8pm on Thursday 8 September.
Product transfer paper application packs already provided need to be fully completed, signed by all applicants, and returned by 8pm on Thursday 8 September.
Pending product transfer paper application packs and requests received between today’s date and 8pm Thursday 8 September need to be fully completed, signed by all applicants, and returned within 48 hours of the date of illustration.