A further advance is a great way for your client to borrow more against their current mortgage. They can also product transfer at the same time and if there are fees associated they will only pay once. We also revalue the property at no extra cost. Additionally, further borrowing may be taken on the same products and rates as the relevant product range available to new customers.
Please note: existing borrower cases cannot be submitted online.
Our online Affordability Calculator is for new applications and re-mortgages only. For additional borrowing, it should be used for guidance only. Therefore if you want an accurate affordability result please call us to check. When calling, select option 2.
If you require your clients' mortgage account information prior to submitting an additional borrowing application, we can help with this too. But remember - you'll need your clients permission to request this before calling.
Fully complete the Residential additional lending (PDF 433KB)Opens in a new window amendable application form by saving this to your PC and keying the information in the required fields. Click on the relevant application type below:
Send your signed and completed application form to us via secure mail intermediaries@thecoventry.co.uk Opens new website in another window
Once we've received this we'll produce an illustration and email this back to you and the case will be processed.
When you receive the mortgage acknowledgement email from us the fees will have been collected, the valuation instructed and the case will appear in your online case tracking.
If you require your clients' mortgage account information prior to submitting an additional borrowing application you'll first need their permission to request this. Once you have this call us and we'll be able to help. When calling, select option 2 and follow the instructions.
Fully complete the BTL additional lending (PDF 2.0MB)Opens in a new window amendable application form by saving this to your PC and keying the information in the required fields. Click on the relevant application type below:
Send your signed and completed application form to us via secure mail intermediaries@thecoventry.co.uk Opens new website in another window
Once we've received this we'll produce an illustration and email this back to you and the case will be processed.
When you receive the mortgage acknowledgement email from us the fees will have been collected, the valuation instructed and the case will appear in your online case tracking.
If your client is an Interest-only borrower our interactive guide (PDF 305KB)Opens in a new window will help you select the right product.
If your client is an existing Offset or Flexx for Term borrower they may be able to borrow more on their existing product, subject to our affordability requirements (for residential borrowing), lending policy and the product LTV.
Note:
If your client has four or more mortgaged Buy to Let properties and is therefore a portfolio landlord, any further borrowing will need to be on a product from the portfolio landlord product page with the following exception:
For more information, please call us on 0800 121 7788 or refer to our Buy to let product selection guide (PDF 367KB)Opens in a new window.
Existing clients who have had a mortgage with us for at least six months and have made six consecutive payments within the last six months are eligible to borrow more with a further advance product, subject to the above product exceptions.
Don't forget you can always give us a call, our support teams are here Monday - Friday 9am - 5pm
Please note:
All lending is subject to current product terms, lending policy and product availability and eligibility. Existing borrower cases cannot be submitted online. Please see our frequently asked questions for further information.
If your client is an existing Godiva Standard Residential customer, you'll find details of the transfer products available to them in the
product guide
Opens in a new window
.