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, we will be closing the following products at 8pm Tuesday 21 June.
We will be launching new products at 8am Wednesday 22 June.
Here’s what’s changing:
Owner-Occupied (new business, porting, further advances and product transfers)
- All fixed rates increasing (including Offset, Interest-only & Offset interest-only)
- All tracker rates increasing
- All 2 year 90% & 95% rates withdrawn
Buy to Let (new business, porting, further advances and product transfers)
- All fixed rates increasing (including Portfolio BTL)
- All tracker rates increasing (including Portfolio BTL)
- All 2 year £0 fee rates withdrawn (including Portfolio BTL)
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 21 June 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.