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Coventry BS

khtaylor
khtaylor Posts: 52 Forumite
10 Posts First Anniversary Name Dropper
in Mortgages & endowments
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. 

Comments

  • K_S
    K_S Posts: 6,903 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    @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!

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • khtaylor
    khtaylor Posts: 52 Forumite
    10 Posts First Anniversary Name Dropper
    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
    K_S Posts: 6,903 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    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.

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

  • khtaylor
    khtaylor Posts: 52 Forumite
    10 Posts First Anniversary Name Dropper
    Maybe he got it wrong but regardless I'm sure it will all work out. 🤞
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