Godiva launches ERC-free sub-prime range

Godiva Mortgages, the specialist lending subsidiary of Coventry, is launching a range of credit impaired mortgages without early repayment charges.

Borrowers with credit problems will be able to choose from a range of flexible trackers and fixed rates in the near prime, extra light and light adverse categories.

All the products offer a free valuation and free legal fees for remortgagors. A booking fee of £199 and an arrangement fee of £800 applies to all products.