Portfolio purchase announcement

RNS Number : 3494O
Coventry Building Society
08 February 2021
 

RNS Announcement

 

COVENTRY BUILDING SOCIETY

 

Coventry Building Society announces that it has today repurchased more than £480 million of buy-to-let mortgages originated under its subsidiary, Godiva Mortgages Limited from UK Mortgages PLC, managed by TwentyFour Asset Management.

 

The completion of the repurchase is intended to occur in two phases, in February 2021 and May 2021.

 

The Society has maintained the servicing of the Loans since they were originally sold in two tranches in 2015 and 2018, resulting in a seamless transaction for borrowers under the Loans.

 

Media enquiries should be directed to:

 

Richard Field

Head of Communications

Tel: 0800 121 686

 

 

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