Best Coventry Building Society mortgage deals
Whether you're an existing customer or a first-time buyer, compare the best mortgage interest rates from Coventry Building Society with our comparison tool below. To see what rate you could be offered, create a free Tembo recommendation.
Access to +20,000 mortgages
Award-winning mortgage advice
Average £82,000 affordability boost
Get a Mortgage In Principle
When you create a Tembo recommendation, you'll get a free, downloadable Mortgage In Principle for each of the schemes you could qualify for.
Already have a Coventry Building Society mortgage?
Create your own free, personalised recommendation to see the best way for you to remortgage, including if you should stay with Coventry or change to another provider.
What type of mortgages does Coventry Building Society offer?
Coventry Building Society offers a small range of mortgage products, including fixed-rate and tracker mortgages for first-time buyers, home movers, remortgagers and buy-to-let customers. They also offer new build mortgages, green mortgages as well as 95% mortgages for buyers with smaller deposits.
As with any provider, whether Coventry Building Society is the best mortgage lender for you depends on your affordability and unique circumstances, what mortgage products you're eligible for, and what the market is currently like. An expert mortgage broker like Tembo can help you navigate these factors to ensure you get the best mortgage deal for you.
How much could I borrow from Coventry Building Society?
Like most mortgage lenders, Coventry Building Society offers a range of mortgage products with different eligibility criteria. How much you could borrow for a mortgage depends on which products you're eligible for, your household income and deposit, and other factors like your credit score, employment type, and outgoings. But typically you can borrow between 4-4.5 times your income, although some applicants may be able to borrow more than this.
By creating a free Tembo recommendation, you can see what you could be offered for a mortgage by Coventry Building Society and other providers without applying.
Can I make overpayments on a Coventry Building Society mortgage?
Yes, you can make overpayments on a Coventry Building Society mortgage, but restrictions may apply. Check your mortgage illustration to see how much you are allowed to overpay by each year. Anything above the allotted amount could see you being hit by an Early Repayment Charge (ERC).
Coventry Building Society is a solid choice for many customers - despite not offering a large range of mortgage products, they are known for excellent customer service. But for some looking for a guarantor mortgage or other niche schemes, they might not be the right fit. At Tembo, we can help you work out if Coventry is the best lender for you.
Andy Shead
Senior Mortgage Advisor at Tembo
Are Coventry Building Society a good lender?
Coventry Building Society is one of the go-to providers in the UK, and the 8th largest lender. They are known for offering a small range of mortgage products but with competitive rates - so might not be suited to those looking for guarantor mortgages or nicehe schemes. Despite this, they tend to score highly when it comes to customer score - Which? gave it a higher-than-average customer score of 70%.
They've also won various awards, including Best Mortgage at The Times Money Mentor Awards 2023, #1 for Customer Experience at the 2023 Fairer Finance Awards, and Best Service from a Mortgage Provider in 2023 by MoneyFacts. They also have a 3.0 out of 5 rating on Trustpilot from almost 800 reviews - significantly higher than some of the larger lenders like HSBC.
Does Coventry Building Society offer guarantor mortgages?
Coventry Building Society does not currently offer guarantor mortgages. There are a range of lenders that do offer guarantor mortgages however, like Joint Borrower Sole Proprietor mortgages or family offset mortgages.
It can be difficult to know which lenders offer guarantor mortgages and which one is best for you and your family as this depends on your unique affordability and what schemes you're eligible for. Working with a mortgage broker like Tembo who specialises in family-supported mortgages can help you navigate lenders' different eligibility criteria and find the best deal for you from across the market.
Looking for a new mortgage?
First home
Unsure which mortgage deal to go for? Buying your first home can be confusing and overwhelming. Get help from the experts.
Remortgage
Coming to the end of your current deal? Remortgage onto a new one with our help. We'll show you whether you should stay with the same lender, or switch.
Moving home
Upsizing to your forever home? Or maybe you're downsizing to something more manageable. Whatever your reason for moving, we can help you find the best deal for you.
Buy to Let
Thinking of becoming a landlord? We can help you discover the best buy to let mortgage deal for you and how you could boost your mortgage affordability.
Tried, tested & trusted by thousands
Whether it's first-time buyers, home movers or remortgagers - our expert team has been trusted by thousands to make home happen.
The application process
4 simple steps to buying your first home or remortgaging
Make a Tembo plan
Check your eligibility for a range of mortgages and buying schemes, and get a personalised recommendation with interest rates and repayments in under 10-minutes.
Talk to an expert
Book a call with our experts to complete the qualification process, and we’ll cover off any questions you might have about any of the mortgage deals and budget-boosting schemes we advise on.
Apply for your new deal
Next, your dedicated advisor will undertake full affordability checks to prepare the mortgage application. Then we’ll submit it on your behalf!
Make home happen
Your Tembo advisor will be on hand to ensure everything runs smoothly, so you can move onto your new deal as quickly as possible.
