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 Thursday 13th June
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 – (Excl. Offset, Interest Only & Offset Interest Only)
- Reducing all Fixed rates at 65% – 85% LTV
- Increasing all Fixed rates at 90% – 95% LTV (Excl. 5yr CV rate at 90% LTV)
Existing Borrowers – (Excl. Offset, Interest Only & Offset Interest Only)
- Reducing all Fixed rates at 65-85% LTV (Excl. 2yr Fixed rate at 80% LTV)
- Increasing all Fixed rates at 90-95% LTV
Buy to Let & Portfolio Buy to Let
New Borrowers
- Increasing all Fixed rates
Existing Borrowers
- Increasing all Fixed 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.
We’ve reduced selected residential rates
Our latest reduction focuses on supporting your residential clients. This includes both new business and selected existing customer residential rates at 65% to 85% LTV.
Our range highlights:
Plus, check out our Buy to Let range
For your Buy to Let clients, see our BTL and Portfolio range here: