Income and LTV requirements

Godiva's buy-to-let mortgages have no minimum personal income requirement as affordability is based on projected rental returns. Their maximum loan-to-value ratio (LTV) is 75%, meaning you need a deposit of at least 25% of the property's value.

Are Godiva a good mortgage lender?

Godiva holds a rating of 2.5/5 on TrustPilot, but this is based on just six customer reviews (at the time of writing). Customers have rated the lender 3.9/5 on Google Review, based on feedback from 55 people (at the time of writing).

The Coventry Building Society subsidiary is highly rated within the industry and was named as the UK's top buy-to-let mortgage provider by brokers in 2020, following a survey by Smart Money People.

Pros and cons

The table below shows the advantages and disadvantages of Godiva Mortgages as a lender to help you decide whether they are right for you:

Advantages

Disadvantages

Competitive rates available

Product range is relatively small

Term lengths are flexible, with 1-40 years available

Do not offer company buy-to-let mortgages

Options available for customers seeking green additional borrowing

Those with more severe bad credit may need to look elsewhere

Able to accept borrowers with some types of bad credit

No options for first-time buyers

How to compare Godiva mortgage deals 

You need a mortgage broker on your side to apply for Godiva Mortgages' products, and as a whole-of-market mortgage brokerage, Teito can provide you with access to them.

Moreover, our brokers can do all of the legwork comparing their rates and deals for you, and since they have access to the entire market, you can rest assured you're getting the ideal mortgage for you, whether that's with Godiva or an equivalent product with one of their competitors.

You can also use Teito to compare Godiva's buy-to-let mortgage range with the alternatives for free yourself - get started here.

 

FAQs

If you are planning to redeem your mortgage, call Godiva's parent company Coventry Building Society on 0800 121 8899 or vist one of their local branches to request one. The request should be placed a minimum of five working days ahead of the expected redemption date.

You will need to provide you mortgage account or roll numbers, and if a solicitor or conveyancer is requesting a statement on your behalf, they will need your written authority to proceed.

How Teito Works

You have two options when you get started with Teito: you can select the option to speak with an advisor straight away or source a mortgage yourself. If you want to choose your own mortgage deal, follow the steps below:

1

Click ‘Get Started’

Hit the button below and enter a few quick details. It takes less than 60 seconds to begin the mortgage process with us

2

Compare Quotes Online

Next you can view rates and deals from across the entire market online and choose the one you want in real time

3

Apply Online

We’ll take it from here and have an expert mortgage broker on hand to ensure you have chosen the best deal for you

Choose Your Own Mortgage

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.