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
At 8am on Friday 12 August, we’ll be launching products in our new business range with a maximum 95% LTV for residential and 75% LTV for BTL.
We’re also updating our current rates
We’ll be closing our current existing customer products at 8pm on Thursday 11 August and relaunching these at 8am on Friday 12 August with the following changes:
Residential
- All product transfer & further advance only fixed rates increasing
- End dates extending to February across the entire product transfer & further advance only range.
Buy to Let
- End dates extending to February across the current product transfer & further advance only range.
Applications on existing products will not be accepted after 8pm on Thursday 11 August.
All products will be available to view on our website from Friday 12 August.
Remember, an AIP does not secure a closing product. If an AIP refers, we are unable 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.
New business is back
We’re back in the new business market with Residential 2 and 5 year fee free products up to 95% LTV. We also have 2 and 5 year BTL rates up to 75% LTV.
Interest-only products are available, we’ve launched options for clients with a maximum 50% LTV.
75% LTV Offset, product transfer and further advance products are also available.