Coventry Building Society mortgage review

Is Coventry Building Society a good mortgage provider?

According to Which? analysis, Coventry Building Society regularly offers competitive rates.

Its mortgage-holders gave it the building society a higher-than-average customer score of 70%, which left it in eighth position out of the 22 lenders our survey asked about:

Coventry BS Mortgages Review

	Score	Overall ranking
Which? Customer Score	70%	7th out of 22 mortgage lenders

Our Scores

Which? Customer Score

Which?'s rating for customer satisfaction, based on feedback from real customers. The score is made up of a customer's overall satisfaction with the brand, and how likely they are to recommend that brand.

Coventry Building Society customer satisfaction scores

The table below shows how Coventry performed in our latest mortgage satisfaction survey, which gathered feedback from homeowners with existing Coventry mortgages about everything from the application process to value for money:

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What types of mortgages does Coventry Building Society offer?

Coventry Building Society has its headquarters in Coventry, but lends mortgages on properties throughout Great Britain.

In 2022, the lender had a 2.9% share of the mortgage market, making it the eighth largest mortgage provider, according to UK Finance data.

When we checked in September 2023, there were 63 mortgages available from Coventry Building Society. Most were fixed-rate deals, where your interest rate stays the same for a set initial period.

Coventry mortgages had initial periods of two, three or five years.

A smaller number of mortgages offered by Coventry were tracker deals, with initial terms lasting two years before reverting to Coventry's standard variable rate.

Does Coventry Building Society offer the best mortgage deals?

Which? analysed thousands of mortgages over a four-week period in August 2023. We compiled a series of top 10 cheapest deals tables based on a variety of borrowing scenarios and counted how many times each lender featured in a table.

The average was five table appearances per week. Coventry featured six times per week, meaning it offered a higher-than-average number of competitive deals. (Data source: Moneyfacts.)

How much could I borrow from Coventry Building Society?

Coventry will lend to first-time buyers and home movers at 50%, 65%, 75%, 80%, 85%, 90% and 95% loan-to-value (LTV). If you're remortgaging, you can borrow up to 90% loan to value.

Coventry doesn't publish its borrowing caps, so you'll need to speak to the lender or your broker about how much you might be able to borrow in relation to your annual salary.

How long can the mortgage term be?

Most of Coventry's mortgages allow customers to pay back the loan over of a period 40 years. A select number of products are for a maximum 35-year term.

Can I make overpayments?

You can overpay up to 10% of a Coventry mortgage balance every 12 months before incurring an early repayment charge (ERC).

How can I contact Coventry Building Society?

Mortgages from Coventry are available directly and through mortgage brokers.

You can contact Coventry on 0800 121 8899.

Its website is CoventryBuildingSociety.co.uk.