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
We’re updating our rates
True to our pledge to give you two days’ notice of product closures, our latest changes will come into effect from 8am Thursday 16 June.
Here’s what’s changing:
Owner-Occupied
- Entire Owner-Occupied (including Offset, Interest-only & Offset interest-only) range increasing
- End dates extending across entire range
- 5 Year ERC structure updating
Buy to Let
- Entire BTL & Portfolio Landlord BTL ranges increasing
- End dates extending across all BTL & Portfolio Landlord BTL ranges
- 5 Year ERC structure updating
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 Wednesday 15 June will not be accepted.
Visit our website for more information on our Lending policy.
All products will be available to view on our website from day of launch.
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Therefore, true to our pledge to give you two days’ notice of product closures, we’ll honour the below changes until 8pm Thursday 16 June.
In addition to yesterday’s email here’s what’s changing:
Buy to Let
- All £999 fee BTL and Portfolio BTL fixed rates withdrawing
- Products GMG11 and QAE18 reducing
Owner-Occupied
- No further changes
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. For the above changes, applications received after 8pm Thursday 16 June will not be accepted. For any other product changes, please refer to yesterday’s email.
Visit our website for more information on our Lending policy.
All products will be available to view on our website from day of launch.