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
In line with our commitment, we’re giving you two working days’ notice of product closures
Closures will come into effect from: 8pm Thursday 27th June
To secure a product, you’ll need to submit the application in full before 8pm on the closure date above. This applies to both new business cases and product transfers.
Any new products will be launched from 8am the date following closure.
Here’s what’s changing:
Residential
New Borrowers
- Reducing all 2 & 5 year Fixed rates at 65% – 85% LTV (Excl. Offset)
- Reducing all 3 year Fixed rates at 65% – 85% LTV (Excl. 80% Remortgage rates with Fee)
- Extending all end dates
Existing Borrowers
- Reducing all 2, 3, & 5 year Fixed rates at 65% – 85% LTV (Excl. Offset)
- Extending all end dates
Buy to Let & Portfolio Buy to Let
New Borrowers
- Reducing all Fixed rates
- Extending all end dates
Existing Borrowers
- Reducing all Fixed rates
- Extending all end dates
Remember – Pending product transfer paper application requests must be signed and sent back to us within 48 hours of the date of illustration.
There are no changes to our product range other than those listed.
Reductions across selected residential rates and all BTL fixed products
We’ve reduced selected 65% to 85% LTV fixed rates by up to 21 bps on residential products, which includes rates available for both new business and existing customers. Our reduced rates also include products tailored to support first time buyers with a cashback incentive available. Similarly, our remortgage products offer either cashback or the RMTS service.
Our BTL fixed range has also seen reductions across the range for both new business and existing customers.
Our product end dates have been extended across the entire residential and BTL product range.
Plus, check out our Buy to Let range
For your Buy to Let clients, see our BTL and Portfolio range here: