Coventry Update

Product updates

We’re reducing our rates

In line with our commitment to give you two days’ notice of product closures, our latest changes will come into effect from 8am Tuesday 22 November.

Current rates will be available until 8pm Monday 21 November.

Here’s what’s changing:

Owner-Occupied
(new business, porting, further advances and product transfers)

• Reducing all 2, 3 & 5 Year Fixed rates across 65%-85% LTV
• No changes to Offset & Interest-only (incl. Offset Interest-only)

Buy to Let
(new business, porting, further advances and product transfers)

• Reducing all 5 Year Fixed 65% LTV standard BTL and Portfolio Landlord BTL rates

New business cases

For new business cases, 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 Monday 21 November will not be accepted.

Product transfers

For product transfers the following will apply:

Online product transfer cases will need to be fully submitted by 8pm Monday 21 November.

Product transfer paper application packs already provided need to be fully completed, signed by all applicants, and returned by 8pm Monday 21 November.

Pending product transfer paper application packs and requests received between today’s date and 8pm Monday 21 November need to be fully completed, signed by all applicants, and returned within 48 hours of the date of illustration.