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Godiva Mortgages

Specialist Lender
CoventryPart of Coventry Building Society

Godiva Mortgages is the specialist intermediary-only lending brand of Coventry Building Society, one of the UK's largest building societies. Godiva offers residential and buy-to-let mortgage products exclusively through mortgage brokers, often with competitive rates backed by the society's mutual strength.

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About Godiva Mortgages

Godiva Mortgages is the intermediary-only brand of Coventry Building Society, the UK's second-largest building society by assets. Named after Lady Godiva, the legendary figure associated with Coventry, the brand was created to serve the broker channel separately from Coventry Building Society's direct-to-consumer offering. This dual-brand approach allows Coventry to offer dedicated products and service to intermediaries without channel conflict.

Godiva offers a range of residential and buy-to-let mortgage products through brokers. The brand benefits from Coventry Building Society's financial strength, mutual ownership model, and consistently strong balance sheet. As a mutual, Coventry does not have shareholders demanding dividends, which has historically allowed the society — and by extension Godiva — to offer competitive rates and straightforward products.

Godiva has built a strong reputation among mortgage intermediaries for reliability, competitive pricing, and efficient processing. The brand's underwriting criteria tend to be more mainstream than ultra-specialist lenders, but Godiva fills an important role as a highly competitive broker-only option backed by one of the UK's strongest building societies. Their product range includes fixed-rate, tracker, and discounted variable rate mortgages for both residential and BTL borrowers.

Lending Focus

Godiva Mortgages offers mortgage products across 2 categories including Residential, Buy-to-Let.

Key Features

  • Intermediary-only brand of Coventry Building Society
  • Competitive residential and buy-to-let rates backed by mutual strength
  • Up to 95% LTV available on residential products
  • Fixed, tracker, and discounted variable rate mortgages
  • Efficient processing with dedicated intermediary service team

Pros & Cons

Pros

  • Backed by Coventry Building Society — UK's second-largest building society
  • Consistently competitive rates due to mutual ownership model
  • High maximum LTV of 95% on residential products
  • Efficient and reliable processing with strong broker reputation

Cons

  • Broker-only — Coventry Building Society's direct products may differ
  • Criteria tend towards mainstream — less suitable for complex or adverse credit cases
  • No specialist products for HMOs, limited companies, or commercial property

Fees & Charges

Arrangement Fee
Often fee-free products available — otherwise typically £999
Valuation Fee
Free valuations on many products — otherwise based on property value
Early Repayment Charge
Typically 2–5% during fixed-rate or discount period
Overpayment Allowance
Up to 10% per year on most products

Mortgage Rates

Rate data coming soon. View rates on Godiva Mortgages

Application Process

Processing Time
1–3 weeks from application to offer
Online DIP
Yes — available online
Offer Valid For
6 months

Lending Criteria

Maximum LTV
95%
Self-Employed Welcome Contractors Welcome

Frequently Asked Questions

Is Godiva Mortgages the same as Coventry Building Society?
Godiva Mortgages is the intermediary-only brand of Coventry Building Society. The products available through Godiva (via brokers) may differ from those offered directly by Coventry Building Society through branches and online.
Why are Godiva Mortgages rates often competitive?
As part of a mutual building society, Godiva does not have shareholders requiring dividend payments. This means more profit can be returned to members through competitive rates. Coventry Building Society has consistently been among the most competitively priced lenders in the UK market.
Does Godiva Mortgages offer 95% LTV mortgages?
Yes, Godiva Mortgages offers residential mortgage products up to 95% LTV for qualifying borrowers. This makes them accessible to first-time buyers and home movers with smaller deposits.
Can I apply for a Godiva Mortgages product directly?
No, Godiva Mortgages is exclusively available through mortgage brokers and intermediaries. If you wish to deal directly with the building society, you would need to apply through Coventry Building Society's direct channel, where different products may be available.

How to Apply

Broker only. Godiva Mortgages products are available through mortgage brokers. Find a broker with Godiva Mortgages on their panel.

Regulatory

StatusActive

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