If you borrow £178,000 over a 25-year term at 4.56% p.a. (fixed) for 60 months reverting to 7.50% p.a. (variable) for the remaining term, you would make 60 monthly payments of £995.45 and 240 monthly payments of £1261.11. The total payable would be £362,773.40, which includes the interest of £184,393, valuation fees of £0 and a product fee of £0. The overall cost for comparison is 6.4% APRC representative.
Godiva Mortgages – compare mortgage rates and fees
Godiva Mortgages offers a range of fixed and variable rate mortgages for the buy-to-let market.
Godiva Mortgages is the Coventry Building Society’s provider of buy-to-let mortgages. An intermediary-only service, they provide a range of options, as well as an online application service and telephone advisors available to discuss your particular needs.
Compare Godiva’s buy-to-let mortgage rates
If you borrow £178,000 over a 25-year term at 4.56% p.a. (fixed) for 60 months reverting to 7.50% p.a. (variable) for the remaining term, you would make 60 monthly payments of £995.45 and 240 monthly payments of £1261.11. The total payable would be £362,773.40, which includes the interest of £184,393, valuation fees of £0 and a product fee of £0. The overall cost for comparison is 6.4% APRC representative.
What types of mortgages can I get with Godiva Mortgages?
- Fixed rate Your interest rate will remain locked for a set amount of time.
- Remortgages You can switch from your existing provider to Godiva via one of its remortgage products.
- Tracker With this mortgage type, the mortgage rate shifts up and down in line with the Bank of England bank rate.
How to apply
You can only apply for a mortgage through one of the lender’s intermediaries.
What information is needed to apply?
You’ll need to provide personal information with various details about your employment and income. This will need to be backed up by your latest P60 and payslips.
If applicable, the lender will also ask about the income generated by, and general information about, other properties in your buy-to-let portfolio.
Eligibility criteria
Applicants must be at least 18 years old and no older than 85 when the mortgage term is due to end.
The applicant must have no more than five properties mortgaged with the Coventry Building Society and no more than ten properties in their portfolio overall.
All applicants are subject to an affordability check, which will include a credit check and a review of your income and outgoings. The lender will expect a minimum rental income to be generated from your property in line with its Interest Coverage Ratio.
Contact information
You can get in touch with the lender’s mortgage experts by calling 0800 121 8899, visiting a Coventry Building Society branch or arranging an appointment via coventrybuildingsociety.co.uk.
Frequently asked questions
More guides on Finder
-
Study finds 2 in 5 Brits now have at least one side hustle to help make ends meet
New research reveals how many Brits are working side hustles in 2023, and how much they are earning on average.
-
Mondu review June 2023
We take a closer look at the B2B buy now pay later services on offer with Mondu.
-
Sainsbury’s Bank Everyday Credit Card review 2023
We explore how the Sainsbury’s Bank Everyday credit card lets you earn Nectar points as you spend.
-
How to buy Arbitrum (ARB) in the UK
This guide provides step-by-step instructions on how to buy Arbitrum, lists some exchanges where you can get it and provides daily price data on (ARB).
-
Winners of the Finder Lending Innovation Awards 2023 announced
Now in their third year, these awards recognise the credit, loans, mortgage and BNPL providers displaying the best innovations in their field.
-
Winners of the Finder Lending Innovation Awards 2023 revealed!
The winners of the Finder Lending Innovation Awards 2023 have been announced, find out who won across seven categories here.
-
Finder Lending Innovation Awards 2023
Find out the winners and highly commended brands in the Finder Lending Innovation Awards 2023. The best lending innovation in the UK!
-
How to buy Sui (SUI) in the UK
This guide provides step-by-step instructions on how to buy Sui, lists some exchanges where you can get it and provides daily price data on (SUI).
-
How to buy SSV Network in the UK
This guide provides step-by-step instructions on how to buy SSV Network, lists some exchanges where you can get it and provides daily price data on (SSV).
Ask an Expert