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.
Our product range is building
Our Residential range has developed further
Now that we’re back to business as usual, our focus is on building a wide product range to suit all of your clients’ needs.
So, to expand on last week’s product launch, we now have Residential 65% LTV 5 year fixed rates available with fee and fee free options.
5 year fixed
Rate – 3.65%
LTV – 65%
Fee – £999
- Fixed until 29.02.2028
- ERC’s until 29.02.2028
- Available for purchase,
remortgage, PT,
FA and FTB
5 year fixed
Rate – 3.90%
LTV – 65%
Fee – £0
- Fixed until 29.02.2028
- ERC’s until 29.02.2028
- Available for purchase,
remortgage, PT,
FA and FTB
We’re closing some of our rates
True to our pledge to give you two days’ notice of product closures, we will be closing the following products at 8pm on Tuesday 30 August.
Here’s what’s changing:
Owner-Occupied (new business, porting, further advances and product transfers)
- Withdrawing all 2 year fixed rates at 90% and 95% LTV (including FTB only rates)
- Withdrawing all 5 year fixed rates at 90% and 95% LTV (including FTB only rates)
- No changes to our Offset and Interest-only rates
- No changes to our existing customer only rates
Buy to Let
- Withdrawing all 2 year fixed BTL and Portfolio BTL rates
- No changes to 2 year BTL and Portfolio BTL Tracker rates
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 30 August will not be accepted.