Godiva launches into specialist lending arena

Godiva Mortgages, the specialist lending subsidiary of Coventry, officially launched last week. Godiva Mortgages will build on the Coventry’s existing offering as a specialist lender for intermediaries and will feature a range of products for the buy-to-let, self-cert, credit impaired and 100% plus LTV markets.

Godiva has made six pledges to intermediaries, which include no overhanging early repayment charges, no differential pricing between channels and all products to be available to existing borrowers.

Furthermore, all direct mortgage products will be available to intermediaries, there will be no cross-selling to intermediaries’ clients and intermediaries are to be given at least 48 hours’ notice Godiva is withdrawing products.