Godiva Mortgages, the intermediary lending arm of Coventry Building Society, will change its current range mortgage products from 28 March.
Earlier this week, Chelsea Building Society withdrew its product range to make alterations, due to intense demand caused by other lenders reducing their range of products.
Coventry will withdraw some of its Flexx products and replace them with base rate trackers and extend its two-year fixed rate mortgages to three-year products.
Julie Jones, head of intermediary sales, says: “We understand entirely that brokers need a reasonable and sensible timescale for withdrawal of products and that is why we have shown an ongoing commitment to this by having this pledge.
“I think this clearly demonstrates the Coventry's fairness and commitment to our intermediary supporters, while also keeping sight of the commercial realities that necessitate product rotations in the current climate.”
Coventry confirmed pipeline business will be accepted until close of business on 1 April.
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