Coventry For Intermediaries is reducing thei rates
In line with their commitment to giving you two days’ notice of product closures, their latest changes will come into effect from 8am Wednesday 12 October.
Current rates will be available until 8pm Tuesday 11 October.
Here’s what’s changing:
Owner-Occupied
(new business, porting, further advances and product transfers)
- Reducing standard 5 Year Fixed rates across 85%-95% LTV
- Reducing standard 5 Year Fixed existing customer only (product transfer and further advance) rates with no product fee across 85%-90% LTV
- No changes to Offset or Interest-only (including Offset Interest-only) rates
Buy to Let
(new business, porting, further advances and product transfers)
- No changes
New business cases
For new business cases, remember, an AIP does not secure a closing product. If an AIP refers, they can’t guarantee they’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 11 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 11 October.
Product transfer paper application packs already provided need to be fully completed, signed by all applicants, and returned by 8pm Tuesday 11 October.
Pending product transfer paper application packs and requests received between today’s date and 8pm Tuesday 11 October need to be fully completed, signed by all applicants and returned within 48 hours of the date of illustration.
