As part of intermediaries@theCoventry, Godiva Mortgages aims to build upon the Coventry’s existing success as a specialist lender for intermediaries and will offer a comprehensive range of products for buy to let (BTL), self certification, credit impaired and 100 per cent plus loan-to-value (LTV) markets. The prime residential range, including 100 per cent LTV, first-time buyer (FTB) products, will continue to be available to intermediaries through Coventry Building Society.
Mortgage products available through Godiva include, a fee free MOREgage product. MOREgage offers up to 125 per cent LTV as a combined mortgage and unsecured personal loan. The MOREgage product is fixed at 6.49 per cent to 31 March 2010 and has no booking fee, no arrangement fee, no valuation fee and no higher lending charge.
In addition, a range of Credit Impaired products will also be available. They include two near prime products: a 5.65 per cent fixed rate to 30 June 2009, and a +0.25 oer cent base rate tracker to 30 June 2009.
To demonstrate their commitment to providing high quality service, Godiva is making six pledges to intermediaries. These pledges are as follows:
- There will be no overhanging ERCs
- There will be no differential pricing between channels
- All products are available to existing borrowers
- All direct mortgage products are available to intermediaries
- There will be no cross-selling to intermediaries’ clients
- Intermediaries will be given at least 48 hours notice when withdrawing products
Colin Franklin, managing director at Godiva Mortgages, commented: “Over the last few weeks, we have talked to our intermediary contacts around the country about Godiva Mortgages and the products and services we will be offering. We are delighted to have received extremely positive feedback. In particular, the launch of our pledges has been praised for the fairness and transparency they offer to intermediaries and their clients and only demonstrates our commitment to this specialist sector even further.”
