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 Wednesday 16 February.
Here’s what’s changing:
Owner-Occupied
- All Flexx Fixed Residential product rates closing
- All 2 & 5 Year Fixed Residential purchase and remortgage products at 65% LTV closing
- 2 & 5 Year Fixed Residential no fee purchase and remortgage products at 75% LTV closing
- All Offset Fixed Residential at 65% LTV rates closing
- All Offset Fixed Residential no fee 75% LTV rates closing
- All Interest-only Fixed Residential rates with no fee closing (including Offset Interest-only)
- No changes to Product Transfer & Further Advance only ranges
Buy to Let
- All Flexx Fixed BTL & Portfolio Landlord product rates closing
- All 70% LTV BTL & Portfolio Landlord product rates closing
- All £999 fee 65% & 75% LTV BTL & Portfolio Landlord product rates closing.
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 15 February 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.
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 Friday 18 February.
Here’s what’s changing:
Owner-Occupied
- All 85% – 90% LTV FTB only rates withdrawn
- All 75% – 90% LTV Residential rates increasing and updated to be available to all borrowers
- 2 year 85% LTV rates withdrawn and relaunched as a £999 fee available to all borrowers
- 5 year 85% LTV no fee rate withdrawn
- 2 year PT & FA 80% LTV rates withdrawn
- All PT & FA rates increasing and £999 fee products withdrawn
- All Offset and Interest-only (including Offset Interest-only) rates increasing
- No change to 95% LTV
Buy to Let
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 17 February 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.
- All BTL and Portfolio Landlord BTL product rates increasing
- End dates extending to August across all products