Coventry Building Society
Based in Coventry, the Coventry Building Society dates back to 1884 and has grown over the years into one of the UK's most prominent lenders. With over 1.7 million members and assets that are worth at least £34 billion, this building society merged with the Stroud and Swindon Building Society, creating an even larger society with 22 agencies and 70 branches across Wales, South West England and the West Midlands. In 2016, they were awarded the accolade of Best Offer Mortgage Lender by the What Mortgage Awards as well as their title of Best Lender Website in 2017. The Coventry Building Society has also been accredited with 2 stars from Best Companies with a BCI score of 719.1.
Coventry Building Society offers:
- Buy To Let Mortgages – designed to meet the needs of investors with under 10 properties in their entire portfolio or with less than 3 properties already financed by the Coventry Building Society, their buy to let products are competitive and flexible, with a range of product fees, free standard valuations and also free legal work completed as part of the cost. The LTV range permitted from this lender for a buy to let mortgage is 50% to 75%.
- Residential Mortgages – Coventry Building Society has residential mortgage products which suit the needs of first time buyers or those who are moving to a new home. With products which have been listed in the national press' best buy tables for the last 2 years, this lender offers both variable and fixed mortgages with varying features and product fees. First time buyers must have a minimum deposit of 10% to access a first-time buyer mortgage. Homeowners who have an existing mortgage with Coventry Building Society may be able to port their mortgage when they move to a new property. This lender also offers offset mortgages for those who have a savings account with the building society.