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 14 March
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
- Closing all Fixed 80% LTV rates
- Reducing all 2 Year Fixed Purchase rates at 65% – 95% LTV with fee
- Reducing all 2 Year Fixed Purchase rates at 75% – 95% LTV with no fee
- Reducing all 2 Year Fixed Remortgage rates at 65% – 75% LTV with no fee (Excl. Offset)
- Reducing all 3 Year Fixed Purchase rates at 75% LTV with no fee
- Reducing all 3 Year Fixed Purchase rates at 85% – 95% LTV
- Reducing all 3 Year Fixed Remortgage rates at 85% LTV with fee
- Reducing all 5 Year Fixed Purchase rates
- Reducing all 5 Year Fixed Remortgage rates at 65% – 75% LTV
- Reducing all 2 Year Fixed Purchase Interest-Only and Offset Interest-Only rates
- Reducing all 5 Year Fixed Interest-Only and Offset Interest-Only rates
Existing Borrowers
- No changes to range
Buy to Let & Portfolio Buy to Let
New Borrowers
- Reducing all 2 Year Fixed Purchase rates
- Reducing all 2 Year Fixed Remortgage rates with no fee
- Reducing all 5 Year Fixed rates
Existing Borrowers
- No changes to range
Remember – Pending product transfer paper application requests must be signed and sent back to us within 48 hours of the date of illustration.
We’ve reduced selected rates 📉
We’ve made reductions to selected fixed rates for your clients looking to remortgage or purchase a property.
We are passionate about helping you support your clients in their journey to become homeowners, so the reductions include first time buyer specific products with the added incentive of £500 cashback. Plus, we’ve launched an exclusive product range for first time buyers buying a property in the CV postcode area to further support our local community.
We’re also not forgetting your Buy to Let and portfolio landlord clients, as we’ve reduced fixed rates across selected BTL purchase and remortgage products.
Our range highlights:
