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.
We’ve launched a variety of 2 year BTL rates
We’ve launched 2 year existing customer rates for Buy to Let and portfolio landlord clients
We’re pleased to have added a range of 2 year rates to our Buy to Let range. These are available for product transfers and further advances only, come with fee and no fee options, and the LTVs range from 50% to 75%.
Our range highlights:
BTL 2 year fixed
5.29% – 50% LTV – £1999 Fee
- Fixed until 30.06.2025
- ERC’s until 30.06.2025
- Available for product transfer and further advance
BTL 2 year fixed
5.39% – 65% LTV – £1999 Fee
- Fixed until 30.06.2025
- ERC’s until 30.06.2025
- Available for product transfer and further advance
Product updates
In line with our commitment to give you two days’ notice of product closures, we will be closing products at 8pm Thursday 26 January.
We will be launching new products at 8am Friday 27 January
Here’s what’s changing:
Owner-Occupied
(new business, porting, further advances and product transfers)
- Increasing all 2 Year Tracker rates
- Reducing all 5 Year Fixed rates across 90-95% LTV
- Reducing 2 Year Fixed existing clients rates for 90% LTV
Buy to Let
(new business, porting, further advances and product transfers)
- Increasing all 2 Year Tracker rates for BTL & portfolio landlord BTL
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 on Thursday 26 January 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 on Thursday 26 January.
Product transfer paper application packs already provided need to be fully completed, signed by all applicants, and returned by 8pm on Thursday 26 January.
Pending product transfer paper application packs and requests received between today’s date and 8pm on Thursday 26 January need to be fully completed, signed by all applicants, and returned within 48 hours of the date of illustration.