Godiva Mortgages

Godiva are the buy to let arm of Coventry BS and their products are available through independent mortgage brokers.

Features include:

Valuation instruction from day one: Godiva instruct a valuation immediately (on receipt of all applicable fees) to encourage a swift sales process and help get their mortgage moving.

Standard valuation: Potential to save money with one standard mortgage valuation (up to the value of £700) which may be included for purchase and remortgage.

Remortgage Transfer Service: Clients may be able to take advantage of Godiva's quick and easy remortgage service when you transfer an existing mortgage to a new product.

Varied product range: including flexible products that could offer you the ability to make overpayments without incurring ERCs (unlimited overpayments on Flexx products).

Loan to value ratio

How much you will be able to borrow as a mortgage is likely to be influenced by a number of factors, including how much you earn.

Another important consideration is your loan to value (LTV) ratio.

This shows how the amount you want to borrow relates to the market value of your property.

So, if you want to borrow £50,000 as a mortgage on a £100,000 house, your LTV would be 50%.

If you then wanted to take out a second charge mortgage for a further £25,000, this would make your LTV 75%.

The higher your LTV, the higher interest rates most lenders will tend to offer.

Find the best deals on mortgage rates

The mortgages market is diverse, with many different providers and types of mortgages to choose from.

This can make it hard to know which offers the best value for you.

Our mortgage calculator takes a lot of the hard work out of the equation for you.

All you have to do is head to the top of the page and plug in some basic details, including the amount you wish to borrow, how long you want to repay over and why you need the money.

The mortgage calculator will then match your enquiry with our pick of the top deals from across the industry, making it much quicker and simpler for you to make a comparison.

Independent Mortgage Advice

Remortgaging is particularly popular at the moment as interest rates are low.

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Whether it will be a good idea for you to remortgage depends on a number of factors, including your goals and your personal circumstances.

However, in general, if interest rates are lower than you are currently paying on your mortgage, it may be a good time to remortgage.

If interest rate are higher than you are currently paying, it may be better to look at other options, such as a second mortgage or a personal loan (if you aim is to borrow more).

If you are not sure whether now is the right time to remortgage, it is a good idea to speak to an independent mortgage broker who will be able to offer impartial advice on Godiva buy to let mortgages as well as other lenders.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.