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 for intermediaries is expanding their new business range
Coventry for intermediaries is launching more products for new borrowers. On Thursday 18 August, they will launch first time buyer, fee free products up to 95% LTV with £500 cashback available.
They’re also introducing a £999 fee option at 75% and 85% LTV for all borrowers.
They’re also opening up their 75% Offset products to all borrowers and launching an Interest-only
Offset at 50% LTV. Their BTL range will also increase, including 5 year, fee free fixed rates at 65-75% LTV and 2 year
trackers at 65-75% LTV. These will be available to standard and portfolio landlords.
Our BTL range will also see new products, including 5 year, fee free fixed rates at 65-75% LTV and 2 year trackers at 65-75% LTV. These will be available to standard and portfolio landlords.
From 18th August, Coventry for intermediaries will be making positive changes to how they perform credit
checks on client’s mortgage applications. When brokers are obtaining an Agreement in Principle
they’ll now record a soft footprint against a client’s credit record. It’s only once the full application is
submitted that a hard footprint is left.
Jonathan Stinton, Head of Intermediary Relationships says “We understand that hard credit checks
can cause a concern for anyone purchasing a home, and especially first time buyers. This is one of
many exciting developments happening this year to really help brokers give their clients the best
experience.