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 to give you two days’ notice of product closures, we will be closing products at 8pm Thursday 09 February.
We will be launching new products at 8am Friday 10 February.
Here’s what’s changing:
Owner-Occupied
(new business, porting, further advances and product transfers)
- Reducing all standard 2, 3 & 5 Year Fixed rates (inc. existing client rates)
- Reducing all Offset and Interest-only (inc. Offset Interest-only) 2 & 5 Year Fixed rates
- Extending all Owner-Occupied end dates to August
Buy to Let
(new business, porting, further advances and product transfers)
- Extending all BTL & Portfolio Landlord BTL 5 Year Fixed rate end dates to August
We’ve launched new BTL rates
We’ve introduced 2 year fixed rates for standard BTL and Portfolio Landlord clients on purchases and remortgage, at 50-75% LTV with fee and fee free options available.
Also, remortgage cashback will now be available for 50% LTV 2 year fixed rates, giving your client the option to use our RMTS or benefit from the cashback offer.
And to make sure your client gets the most out of their rate, we’re extending all 2 year fixed BTL and PL end dates, along with 2 year Tracker rates. And remember, our Tracker rates come with no ERCs.
BTL 2 Year Fixed | ||
Rate 5.39% | LTV 50% | Fee £1999 |
| ||
Rate 6.00% | LTV 50% | Fee £0 |
| ||