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 22 September.
Current rates will be available until 8pm Wednesday 21 September.
Here’s what’s changing:
Owner-Occupied
New business, porting, further advances and product transfers
- Increasing all 3 & 5 Year Fixed rates
- Increasing all Offset, Interest-only and Interest-only Offset rates
- Increasing all existing customer only (product transfer and further advance) rates
- Reintroducing 2 Year Fixed rates
- Extending all Fixed product end dates to April
Buy to Let
New business, porting, further advances and product transfers
- Increasing all 5 Year Fixed BTL and Portfolio Landlord BTL rates
- Reintroducing 5 Year Fixed £1999 fee BTL rates
- Extending all Fixed product end dates to April
When house prices and interest rates are on the rise, we know your clients need options when it comes to borrowing. That’s why we’ve extended our maximum term to 40 years.
This is available to all eligible clients including First Time Buyers – and remember, we now carry out a soft credit check at AIP stage on all applications.
Here’s what’s changing:
Owner-Occupied
- Closure of all products under 85% LTV
- Closure of all 3 year fixed products
- Closure of all products at 85% or above which have a product fee
Buy to Let
- Closure of all new business products (excluding a 75% LTV 5 year fixed no fee)