Coventry Building Society was founded in 1884, and today is among the top five building societies in the UK. It has assets worth nearly £10 billion, and serves almost 1,000,000 customers. It is committed to retaining its building society status. For the third year in a row, Coventry Building Society was a highly acclaimed online mortgage lender by Your Mortgage magazine.

The following standard mortgage schemes are offered by Coventry Building Society:

Flexx Fixed
Fixed
Flexx
Discount
Fixed Rate
Privilege
Standard Variable Rate

Flexx Fixed: your starting rate will be fixed for the first 5 years, after which your rate will revert to +0.75% Bank of England Base Rate Tracker for the rest of the mortgage period.

A booking fee applies
An arrangement fee applies
There are no early repayment charges
Interest is calculated daily

Flexx: your rate will not go above the Society’s standard variable rate for the entire mortgage term.

A booking fee applies
An arrangement fee applies
There are no early repayment charges
Interest is calculated daily

Discount: your starting rate is set at a discount off the Society’s standard variable rate. After the discount period has concluded your rate will revert to the Privilege rate for the rest of your mortgage term.

There is no booking fee
There is no arrangement fee
Early repayment charges apply
Interest is calculated daily

Fixed Rate: your starting mortgage rate is fixed for an agreed period, after which your rate will be set above the Bank of England Base Rate Tracker.

There is no booking fee
There is no arrangement fee
Early repayment charges apply
Interest is calculated daily

Privilege: your rate will be set at this specified rate for your entire mortgage.

There is no booking fee
There is no arrangement fee
There are no early repayment charges
Interest is calculated annually

Standard Variable Rate: your initial rate will be set at the Society’s standard variable rate. After this period is over your rate will go back to the Privilege rate for the rest of your mortgage.

There is no booking fee
There is no arrangement fee
There are no early repayment charges
Interest is calculated annually

Other Mortgages:

Capped
Flexx Capped rate

Capped: your rate is capped for 5 years, then it is set above the Bank of England Base Rate Tracker for the rest of the mortgage term.

A booking fee applies
An arrangement fee applies
There are early repayment charges
Interest is calculated annually

Flexx Capped: your starting rate is capped, then it is set above the Bank of England Base Rate Tracker for the rest of the mortgage term.

A booking fee applies
An arrangement fee applies
There are no early repayment charges
Interest is calculated daily

Coventry also offers the following as re-mortgage products:

Flexx Fixed
Flexx Mortgage
Discount
Fixed Rate
Privilege
Standard Variable Rate
Capped
Flexx Capped

Different fees and charges may apply

Coventry Building Society also has specialist mortgage products for:

First Time Buyers
Buy to Let
Self Certification
Offset

First Time Buyer: your initial rate is fixed. After the fixed rate period is over your mortgage goes back to the Society’s standard variable rate for an agreed interval and then the Privilege rate for the rest of the mortgage term.

Buy to Let: you can choose between fixed and flexx buy to let mortgage products. You must be over 25 years old to apply for this type of mortgage.

Self Certification: these types of mortgage products are aimed at the self employed and include discount, fixed and flexx products.

Offset: this type of product offsets your saving’s against your mortgage. Coventry has discount, tracker and fixed rate options.

Coventry has the following financial mortgage plans:

Mortgage a combination of a mortgage and a personal loan.
Lifetime mortgages if you are aged over 60 and want to release the equity in your home