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.
New! 2 Year Fixed Rate for 95% LTV
More choice for first time buyers We know how important it is to help your clients get on to the property ladder. That’s why we’ve added a brand new 2 Year Fixed Rate product to our 95% LTV range. And, we’ve also reduced the rates on our 5 Year products by 10 basis points! These products would also be ideal for those looking to move home who need a higher LTV. Our 95% LTV range now includes: |
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Remember – we now accept bonus income and have improved our income multiples for loans greater than 90% LTV. Check our Affordability calculator now. To ensure a smooth and speedy application process see our Lending criteria and Case Packaging Guide. |
95% LTV lending with us – did you know?
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Product updates
True to our pledge to give you two working days’ notice of product closures, our latest changes will come into effect from 8am Tuesday 25 May 2021.
Please remember that an AIP does not secure a closing product. In order to secure closing products, a full application must be submitted by 8pm Monday 24 May 2021.
Applications received after this time will not be accepted. If an AIP refers, we cannot guarantee to review this before a product is closed. Therefore if your AIP does refer you should still proceed to full mortgage application to secure the product.
Visit our website for more information on our Lending policy.