90-95% LTV Residential Rates Reduced!
High LTV Rates Reduced Just in Time for Christmas
Christmas is around the corner, so we thought it was time to spruce things up by reducing selected standard Residential and FTB rates. Our 90-95% LTV range will be reduced by 20bps!
Don’t forget – clients can still take advantage of our £500 cashback on all our FTB products too!
We think this is sure to brighten your client’s Christmas this year.
Why choose Coventry for Intermediaries?
- We aim to answer all calls and chats quickly.
- We support you and your clients at maturity.
- We’ll always give you 48 hours’ notice before we withdraw a product.
Extension of Green Reward Scheme
Coventry Building Society is extending its Green Together Reward, which offers borrowers an incentive of £500 in return for carrying out work designed to improve their property’s energy efficiency. Borrowers will now have until 31 March 2022 to apply for their mortgage and 31 March 2023 to submit their claim for the reward, an extension of three months.
The Green Together Reward is open to both Residential and Buy to Let borrowers who apply for a new mortgage or change their existing mortgage or terms.
To qualify for the Green Together Reward, borrowers must spend at least £2,500 on improvements designed to make their property more energy efficient, with the works being carried out by a TrustMark Registered Business.
Kevin Purvey, Director of Mortgage Distribution at Coventry Building Society, commented: “The climate crisis that we’re facing is very real and we want to continue to help brokers’ clients make greener choices.
“Our Green Together Reward directly incentivises borrowers to make changes aimed at improving the energy efficiency of their homes, and it’s been very well received by both brokers and borrowers. It’s particularly worth considering for landlords, as the Green Together Reward could help them to ‘future proof’ their properties for the proposed legislation around the EPC ratings of their properties in years to come.
“We’re delighted to extend this offering so that more borrowers can take advantage of this reward for carrying improvements designed to reduce their property’s carbon footprint and make a positive environmental impact.”
For more information on the Green Together Reward, brokers can visit the Coventry for intermediaries website.
We’re updating our rates
True to our pledge to give you two working days’ notice of product closures, our latest changes will come into effect from 8am Wednesday 15 December.
Here’s what’s changing:
- End dates extending to June across Offset and Interest-only products
Buy to Let
We’ll be updating all standard Godiva BTL product codes (excluding Portfolio Landlord products) at 8am on Monday 13 December, all rates and terms will remain the same.
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 Tuesday 14 December 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.