Coventry affordability model just got better
We’ve made some changes to our remortgage affordability, opening up more options for your clients looking to switch provider.
To help you understand our changes, we’ve pulled together some cases of potential clients looking for a like-for-like remortgage with no additional borrowing.
True to our pledge to give you two working days’ notice of product closures, our latest changes will come into effect from 8am Thursday 21 January 2021.
Remember, an AIP does not secure a closing product. If an AIP refers, we cannot guarantee we’ll be able to review it before the product is closed.
So, if your AIP does refer, you should still proceed to full mortgage application to secure the product. Unfortunately applications received after 8pm Wednesday 20 January 2021 will not be accepted.