About Godiva Mortgages
Godiva Mortgages is an intermediary-only subsidiary of the Coventry Building Society. Specialising in buy-to-let mortgages, Godiva Mortgages offers a range of variable and fixed-rate deals and boasts award-winning customer service. The company promises a quick response time and competitive rates.
As a whole-of-market broker, at Teito, we have access to the mortgage products offered by Godiva Mortgages. Our team of experts work with hundreds of lenders, including Godiva Mortgages, to find the perfect mortgage for you. Whatever your situation, we make sure you get the best deal possible. Get started comparing mortgages online now.
What kind of mortgage deals do Godiva offer?
Godiva Mortgages specialises in the buy-to-let sector. Much of their product range is geared towards landlords and it is dominated by fixed-rate buy-to-let mortgage deals, with introductory rates periods spanning 2-5 years. Tracker buy-to-let mortgages are also available as part of its 'Flexx' range.
In addition to standard buy-to-let mortgages, Godiva also offer the following products for landlords:
- Portfolio mortgages
- Buy-to-let remortgages
- Green additional borrowing
Do they offer residential mortgages as well?
Godiva no longer offer residential mortgages, but anyone who has an existing mortgage with them is able to refinance onto a new deal. Their residential remortgage range is dominated by fixed-rate deals, with introductory rates periods of 2-10 years. At the time of writing (November 2023), their interest rates start at 4.80%.
What rates are available on Godiva's buy-to-let mortgage range?
At the time of writing (April 2024), interest rates on Godiva's buy-to-let mortgages range between 5.09% and 6.40%. The exact rate you qualify for will depend on the product you are applying for and the loan-to-value (LTV) ratio, which will improve if you can put down additional deposit.
You can compare rates and deals from Godiva Mortgages for free on Teito or speak to an advisor who has in-depth knowledge of their product range. Choose the option that best fits your needs below:
Compare Godiva Mortgages rates and deals with lenders across the market for free today
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.
