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 to give you two days’ notice of product closures, we will be closing products at 8pm Monday 13 March.
We will be launching new products at 8am Tuesday 14 March.
Here’s what’s changing:
Owner-Occupied
(new business, porting, further advances and product transfers)
- Increasing all standard 2, 3 & 5 Year new business Fixed rates (inc. Offset & Interest-only)
- Increasing all 2 Year Tracker rates
Buy to Let
(new business, porting, further advances and product transfers)
- No changes
New business cases
For 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 Monday 13 March 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 Monday 13 March.
Product transfer paper application packs already provided need to be fully completed, signed by all applicants, and returned by 8pm Monday 13 March.
Pending product transfer paper application packs and requests received between today’s date and 8pm Monday 13 March need to be fully completed, signed by all applicants, and returned within 48 hours of the date of illustration.