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.
Our rates have reduced!
As we continue to support home ownership we have reduced selected 2, 3 and 5 year fixed residential rates by up to 45 bps.
Your BTL and Portfolio clients could also benefit as we’ve reduced all 2 year and 5 Year Fixed BTL new business rates; including selected reductions to the existing customer only range.
Our range highlights:
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 Thursday 12 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 2 Year Fixed rates
- Reducing all 3 Year Fixed rates excluding remortgage rates at 80%-85% LTV
- Reducing all 5 Year Fixed rates excluding remortgage rates at 90% LTV
- Closing all Tracker rates
Existing Borrowers
- Reducing all 2 and 3 Year Fixed rates
- Reducing all 5 Year Fixed rates excluding 95% LTV
- Closing all Tracker rates
Buy to Let & Portfolio Buy to Let
New Borrowers
- Reducing all 2 Year Fixed rates
- Reducing all 5 Year Fixed rates excluding 75% LTV
- Increasing all Tracker rates
Existing Borrowers
- Reducing all 2 Year Fixed rates
- Reducing all 5 Year Fixed rates excluding 75% LTV
- Increasing all Tracker rates
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.