Coventry Update

Product updates

In line with our commitment to give you two days’ notice of product closures, our latest changes will come into effect from 8am Wednesday 26 October.

Current rates will be available until 8pm Tuesday 25 October.

Here’s what’s changing:

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

• Reducing 5 year fixed 75% LTV rates
• Reducing 5 year fixed 75% LTV Offset new business rate
• Reducing 5 year fixed 50% LTV Interest-only new business rate

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

• Reducing 5 year fixed 65% LTV standard BTL rates
• No changes to Portfolio Landlord 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 Tuesday 25 October 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 Tuesday 25 October.

Product transfer paper application packs already provided need to be fully completed, signed by all applicants, and returned by 8pm Tuesday 25 October.

Pending product transfer paper application packs and requests received between today’s date and 8pm Tuesday 25 October need to be fully completed, signed by all applicants, and returned within 48 hours of the date of illustration.