Coventry Building Society Mortgages Reviewed
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If you’re looking for a new mortgage, you have a wide number of Mortgage Lenders in the UK to choose from.
One such lender is Conventry Building Society, who recently bought Platform mortgages an intermediary mortgage lender for the Co-operative Bank.
Keep reading to learn more and then get in touch with our team to see if Conventry BS is the right mortgage lender for you.
About Coventry Building Society Mortgages
Coventry Building Society recently welcomed Platform Mortgages, previously part of The Co-operative Bank, into their family. This move, completed in early 2025, brought together the strengths of two well-regarded lenders. Platform’s legacy of ethical lending and innovative mortgage solutions is part of Coventry’s broader offerings, giving customers even more choice and flexibility.
Is Coventry Building Society a Good Mortgage Lender?
Coventry Building Society is widely regarded as a reliable and customer-focused mortgage lender, offering various products to suit different needs. Here’s an overview of why they stand out:
Conventry Building Society were awarded a gold ribbon for customer experience by Fairer Finance (autumn 2024) for their mortgages.
Customer Satisfaction
Coventry Building Society consistently receives high praise for its customer service, making the mortgage process smooth and stress-free. Borrowers often appreciate:
Friendly and approachable staff.
Transparent and efficient communication.
A reliable and supportive mortgage journey.
Great Rates
Known for its competitive rates, Coventry Building Society helps borrowers manage repayments effectively while saving money. Their mortgage rates cater to:
First-time buyers seeking affordable options.
Homeowners looking to remortgage at better rates.
Those aiming for manageable, cost-effective solutions.
Anyone who has an existing mortgage with Coventry Building Society.
Ethical Lending
As a mutual building society, Coventry prioritises doing what’s right for its members and communities. Their ethical approach includes:
Reinvesting profits to improve services and offer better rates.
Supporting sustainability through eco-friendly initiatives.
Contributing to charitable causes, such as homelessness prevention.
Flexible Options and Lending Criteria
Coventry offers a variety of mortgage products to suit different borrower needs and life stages. With their flexibility, borrowers can benefit from:
Mortgage terms range from short-term to 40 years.
Tailored options for first-time buyer mortgages, movers, and landlords.
Inclusive lending criteria for a wide range of financial profiles.
This ensures there’s a solution for almost any situation.
Coventry Building Society Mortgage Products
Coventry Building Society offers a variety of mortgage options tailored to meet the needs of first-time buyers, landlords, and home movers. Their products are designed to provide flexibility, affordability, and value for different financial situations.
First-Time Buyers Mortgages
Coventry makes it easier for first-time buyers to step onto the property ladder with competitive rates and helpful incentives.
Key Features:
- Cashback Offers: £1,000 cashback for first-time buyers in CV postcode areas.
- High Loan-to-Value (LTV) Mortgages: Options available with just a 5% deposit (95% LTV).
- Guided Support: Expert advice throughout the buying process.
Buy-to-let mortgages
For landlords looking to expand or refinance their property portfolios, Coventry offers flexible buy-to-let mortgages.
Key Features:
- Competitive Rates: Designed to maximize rental yield.
- Flexible Terms: Options to suit different investment strategies, including long-term plans.
- Portfolio Support: Suitable for single properties or larger portfolios.
Home Movers
Coventry provides tailored solutions to help home movers make the transition to their next property as smooth as possible.
Key Features:
- Flexible Terms: Mortgage options from short-term to 40 years.
- Porting Options: Existing Coventry customers can transfer their current mortgage to a new property.
- Affordable Rates: Competitive interest rates to fit your budget
Mortgage Calculator
Enter your details in the calculator to estimate the size of your Conventry BS mortgage repayments. To get a more accurate figure related to your repayments and the overall cost of a mortgage with this lender, arrange an appointment with a member of our team.
Coventry Mortgage Rates
Coventry Building Society is renowned for offering competitive mortgage rates across its product range. Their rates are designed to suit various borrowing needs, whether you’re a first-time buyer, remortgaging, or investing in a buy-to-let property.
Factors Influencing Coventry’s Rates
Coventry’s mortgage rates are influenced by:
Loan-to-Value (LTV): Lower LTV ratios typically offer more competitive rates. For example, a borrower with a 75% LTV may secure a better fixed rate than a 90% LTV.
Mortgage Type: Fixed rates often differ from tracker rates, depending on the level of security and flexibility offered.
Mortgage Term: Longer fixed-rate terms may come with slightly higher rates than shorter terms.
Why Coventry Rates Are Competitive
As a mutual building society, Coventry reinvests profits to offer better rates and services for its members. This approach often results in rates that are competitive compared to many high-street lenders.
Check the Latest Coventry Mortgage Rates
Mortgage rates are subject to change, so getting the latest updates is essential. At YesCanDo Money, we stay on top of Coventry’s rate changes and can guide you toward the best deals for your needs. Contact us to find out how their rates compare to most lenders and to secure the most cost-effective option.
Coventry Loan-to-Value (LTV) Ratios Explained
Coventry offers mortgages across various LTV ratios, making it possible for a wide range of borrowers to secure a mortgage deal. Here’s a breakdown of their typical LTV options:
95% LTV: Perfect for first-time buyers with a smaller deposit, requiring just 5%. This option helps make homeownership more accessible while remaining competitive.
90% LTV: Suitable for borrowers with a 10% deposit, offering a balance between affordability and competitive tracker and fixed rates.
85% LTV: Ideal for home movers with more equity, requiring a 15% deposit and giving access to better rates.
75% LTV and below: For those with larger deposits (25% or more), these options offer Coventry’s most competitive rates, making them an excellent choice for remortgaging or purchasing higher-value properties.
For new build properties, Coventry offers:
Up to 90% LTV for houses
Up to 75% LTV for flats
Understanding your LTV is crucial, as it influences the interest rates available and the overall affordability of your mortgage. Our team can guide you in choosing the right Loan to Value and ensure you avoid paying any early repayment charges.
Common Questions About Coventry Mortgages
How long does it take to get a Coventry mortgage?
Most applications are processed within 2-3 weeks. We’ll keep things moving smoothly to save you time. This can be quicker for existing members of the Coventry Building Society.
Can I take a payment holiday?
Some of Coventry’s flexible mortgages allow for payment holidays. Let us check if this applies to your mortgage deal.
What happens when my mortgage deal ends?
Your mortgage will move to Coventry’s standard variable rate, and the need to pay any early repayment charges will end. Unless you remortgage before this date you will more than likely see a big jump in your monthly repayments. We’ll help you switch to a better deal in time.
Can I make overpayments?
Yes! Coventry allows overpayments on most products, up to 10% of your balance per year, without penalties.

Coventry Building Society Mortgage Advisor
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Grant Humphries (CeMAP)
Grant Humphries (CeMAP) is a proficient Mortgage & Protection Adviser at YesCanDo Money. With a career spanning since 2001, Grant has honed his expertise in understanding mortgage lenders' criteria, complex financial situations, and the nuances of the mortgage market. His deep knowledge enables him to provide tailored solutions, especially for professionals and those with unique financial profiles. At YesCanDo, Grant's commitment to excellence is evident. He takes pride in guiding clients through their mortgage journey, ensuring they feel confident and informed at every step. From first-time buyers to seasoned investors, Grant's analytical approach and dedication make him a trusted adviser in the financial landscape