Linda Will, sales and marketing director, Stroud and Swindon, and ex-boss at Accord Mortgages will be leaving the society on 31 August 2010.
From this date, all new intermediary mortgage applications will go through Coventry Intermediaries via its two brands – Coventry Building Society and Godiva Mortgages.
ITL Mortgages will continue to serve brokers who have customers with existing ITL mortgages.
Colin Franklin, sales and marketing director of Coventry Building Society and managing director of Godiva Mortgages, said: “Brokers need clarity from a lender as well as competitive products and award-winning service, and by making this announcement now we want brokers to know what to expect on 1 September.”
“Streamlining our brands also helps provide this clarity to brokers and their clients. Coventry Intermediaries has a trusted reputation for providing the most intermediary-friendly experience possible. We remain absolutely committed to our pledges, which includes no dual pricing.”
Coventry Intermediaries also launched a leading range of first time buyer and residential mortgages through its two brands, Coventry Building Society and Godiva Mortgages.
Godiva Mortgages is launching two residential mortgages, including a 2.75% Flexx For Term offered up to 50% LTV and a 2.99% 2 Year fixed rate to the same 50% LTV.
The range also includes reduced rates from Coventry Building Society on two first time buyer mortgage deals. The reduced rate of 5.85% for two years is available up to 85% and 90% LTV.
To qualify for the member’s first time buyer’s mortgage the applicant or applicant’s parents, grandparents or guardian must have held a savings or mortgage account with the Coventry for at least three years.
