Head of Content
Mortgage Advisor & Director
Godiva
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. You can compare the latest rates available from this lender below:
Compare Godiva Mortgages Online in Seconds
We work with 90+ mortgage lenders from across the market, including Godiva. We can help you compare mortgage rates from different lenders and find the best deal for you.
Use our free comparison tool to compare mortgage rates from 90+ lenders in seconds. We'll show you the latest deals from Godiva and others so you can make an informed decision about which option is right for you.
To get started, fill in our quick online form or call 01484 242424 to speak to our expert mortgage advisers today!
What kind of mortgages do Godiva offer?
Godiva Mortgages specialises in the buy-to-let sector. Much of their product range is aimed at landlords and it is dominated by fixed-rate buy-to-let mortgages, with introductory rates periods of 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:
- 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.
What rates are available on Godiva's buy-to-let mortgage range?
Godiva's mortgage rates are generally competitive with other buy-to-let lenders. The exact rate you qualify for with them will depend on how much deposit you have, the overall strength of your application and the type of product you choose.
You can use our free mortgage rates comparison service to view the latest deals from them and their competitors
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 3/5 on TrustPilot, but this is based on just 11 customer reviews (at the time of writing). Customers have rated the lender 3.8/5 on Google Review, based on feedback from 57 people (at the time of writing).
The Coventry Building Society subsidiary is highly rated n the industry and was named as the UK's top buy-to-let mortgage provider by brokers in 2020, in 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 bad credit types |
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.
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:
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
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
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
FAQs
If you want 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 before 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 consent.