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Further advance

If your client is an existing borrower and wishes to borrow more they will need to take a further advance on a new product, subject to lending policy. You can view our products available using the links below. Please note: existing borrower cases cannot be submitted online. Please read our existing borrower application process for more information.

Standard Residential products

Buy to Let products


Exceptions

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: Clients can only have one Flexx for Term Product per mortgage account held with ourselves. Clients with an Offset facility who are looking to borrow more can do so on the same term and product subject to LTV limits. If they would like an alternative arrangement they will need to complete a Product Transfer.

Clients wishing to port their mortgage and borrow less than £5,000 don’t need to apply for a further advance product. They could add this to their existing mortgage product, subject to lending policy and their mortgage terms and conditions. For more information on how to apply visit our porting page (fees may apply). Please note: existing borrower cases cannot be submitted online. Please read our existing borrower application process for more information.

If your client is an existing Godiva Standard Residential customer, and wishes to borrow more, you'll find details of the further advance products available to them in the product guide.


Who can apply for a further advance product?

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. If your client has taken a payment holiday or a recent further advance, a further six consecutive monthly payments must have been made before any further borrowing may be considered.

How to apply for a Residential further advance

Step 1: Check eligibility

Please ensure that your client's additional borrowing application meets our affordability requirements and lending policy before submitting their application, as fees (if applicable) are non-refundable.

Step 2: Confirm customer authority

If you require your clients’ personal or mortgage account information prior to submitting a further advance application you will need to check our Customer authority page, select the appropriate form, complete, scan and email to us using send secure to intermediaries@thecoventry.co.uk Opens new website in another window

Step 3: Request a mortgage illustration (KFI)

Complete the sections listed on the second page of the relevant additional borrowing mortgage application form.

Step 4: Return your scanned forms

Send your signed and completed forms to us via secure email Opens new website in another window to intermediaries@thecoventry.co.uk

Step 5: We'll send you a mortgage illustration (KFI)

When we have received your additional lending application form we will assess affordability and eligibility based on the information provided. We'll then produce a mortgage illustration (KFI) and email this to you.

Step 6: Complete application

When you have reviewed the mortgage illustration (KFI) with your client, you will need to complete the remaining sections of the relevant additional borrowing application form and return a scanned version to us using our send secure service Opens new website in another window to intermediaries@thecoventry.co.uk

How to apply for a Buy to Let further advance

Step 1: Check eligibility

Please ensure that your client's additional borrowing application meets our lending policy before submitting their application, as fees (if applicable) are non-refundable.

Step 2: Confirm customer authority

If you require your clients’ personal or mortgage account information prior to submitting a further advance application you will need to check our Customer authority page, select the appropriate form, complete, scan and email to us using send secure to intermediaries@thecoventry.co.uk Opens new website in another window

Step 3: Request a mortgage illustration

Complete the sections listed on the second page of the relevant additional borrowing mortgage application form.

Step 4: Return your scanned forms

Send your signed and completed forms to us via secure email Opens new website in another window to intermediaries@thecoventry.co.uk

Step 5: We'll send you a mortgage illustration

When we have received your additional lending application form we will assess eligibility based on the information provided. We’ll then produce a mortgage illustration and email this to you.

Step 6: Complete application

When you have reviewed the mortgage illustration with your client, you will need to complete the remaining sections of the relevant additional borrowing application form and return a scanned version to us using our secure email Opens new website in another window to intermediaries@thecoventry.co.uk