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Coventry for Intermediaries

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Coventry for Intermediaries

As an intermediary, you’re an integral part of the Coventry’s business – one they value highly. The Coventry are there to offer you a dedicated services committed to providing a range of products for your clients. With their online case submission system, and standalone affordability calculator, you can obtain a DIP before progressing to the full application – so you can ensure your place your clients’# case with a suitable lender.

With a team of field and telephone BDMs covering the UK, plus your support teams just a phone away, the Coventry are ready to support you with your day to day business and provide you with fast and accurate information when you need it.

 

Useful Links

Website

Why the Coventry?

Lender Overview:

  • Residential and Buy to Let mortgages (through Godiva Mortgages Limited)
  • Offset, Flexx and First Time Buyer products
  • Field and telephone BDM support
  • Standard valuations up to £670 (£700 for BTL) included and instructed on day 1
  • Remortgage transfer service instructed n day 1 – includes standard legal work

Residential mortgages:

  • ERC-free products available
  • 100% of income from a second job or rental profit and 50% of non-guaranteed income (overtime, bonuses, commission) accepted
  • Onward purchases (up to 90% LTV) considered if existing residential retained on a consent to let or converted to a BTL with another lender
  • Concessionary family discounted sale applications considered
  • Gifted deposits accepted

BTL mortgages:

  • Tiered ICRs on BTL
  • No minimum income requirement and no need to be a residential homeowner (cannot be First Time Buyer)
  • Up to 4 tenants on one AST
  • Concessionary family discounted sale applications considered
  • ERC-free products available
  • Online BTL calculator

Offset mortgage highlights:

  • One easy access savings account lined to Offset mortgage
  • No requirement to save regularly and no minimum amount required
  • Fixed rates and Flexx both available
  • Existing customers can apply to borrow more at the same rate (subject to your current needs and circumstances, and their lending critera)
  • Offset calculator functionality

Flexx mortgages highlights:

  • Available on Residential, Buy to Let and Offset
  • Flexx for Term and Flexx Fixed products – all ERC free
  • Flexx for Term customers can apply to borrow more at the same rate (subject to your current needs and circumstances, and their lending criteria)

Product Transfers

Product transfers highlights:

  • Open transfer policy – all products available to new and existing customers, subject to lending criteria
  • Available on BTL
  • To see the process for product transfers click here

Contact The Coventry

Lender Address:

Coventry Building Society/Godiva Mortgages Limited
P.O.Box 139
Coventry
CV1 5ZT

Contact The Coventry:

0800 121 7788
(Available Monday to Friday 9.00am to 6.00pm)