Coventry Update

We’re reducing our rates

In line with our commitment to give you two days’ notice of product closures, we will be closing products at 8pm Thursday 14 September.

We will be launching new products at 8am Friday 15 September.

Here’s what’s changing:

Residential (new business, porting, further advances, and product transfers)

• Reducing all Fixed new business and existing customer only rates at 50 – 80% LTV (incl. Offset, Interest-only, Offset Interest-only)
• Reducing all Tracker rates at 65% and 75% LTV

Buy to Let (new business, porting, further advances, and product transfers)

• Reducing all Fixed BTL and Portfolio BTL new business rates
• Reducing all BTL and Portfolio BTL Tracker rates
• Reducing all 2 Year Fixed BTL and Portfolio BTL existing customer only rates excluding 50% and 65% LTV rates with no fee
• Reducing all 5 Year Fixed BTL and Portfolio BTL existing customer only rates

New business cases

Remember, an AIP does not secure a closing product. If an AIP refers, we can’t guarantee we’ll be able 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. Applications received after 8pm Thursday 14 September will not be accepted.

Product transfers

For product transfers the following will apply:

Online product transfer cases will need to be fully submitted by 8pm Thursday 14 September.

Product transfer paper application packs already provided need to be fully completed, signed by all applicants, and returned by 8pm Thursday 14 September.

Pending product transfer paper application packs and requests received between today’s date and 8pm Thursday 14 September need to be fully completed, signed by all applicants, and returned within 48 hours of the date of illustration