Coventry BS

khtaylor

My partner and I have submitted an application with Coventry BS yesterday with a broker. I work part time and my partner is  self employed (sole trader).
Does anyone have any experience with them? I'm a nervous wreck because we bought a house after the 1st lockdown and it fell through due to seiss grant paid the same month as we applied for mortgage. 

K_S

@khtaylor FWIW (not much!), as a broker my experience with them has been largely positive and I quite like their Flexx range.

You've done the right thing by using a broker and Coventry does not deduct the SEISS income, they usually just need to see recent bank statements clearly showing a return to normal levels of business. Good luck!

khtaylor

Fab! Our broker has been amazing, but he did say that they do deduct the seiss grant, although we were still withing affordability 

K_S

khtaylor said:

Fab! Our broker has been amazing, but he did say that they do deduct the seiss grant, although we were still withing affordability 

@khtaylor Interesting, perhaps policy has changed recently. I had to use them for this specific reason for a client who needed an offset product and to maximise borrowing.

khtaylor

Maybe he got it wrong but regardless I'm sure it will all work out. 🤞