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.
Coventry have also released an update here.
Announcement
Furloughed income no longer accepted
Please be aware that from 15 September 2020 we will no longer be accepting furloughed income for employed applicants. Any applications that are already in the pipeline will not be impacted, unless your client wishes to increase their LTV above 65%.
If your client is currently furloughed we can accept their application if this is supported by a letter from their employer. This letter should confirm that they’ll be returning to work on or before 2 November 2020, their annual salary from this date and that there have been no changes to the terms and conditions of their employment.
For the latest coronavirus mortgage updates please visit our Broker support page.