The Coventry Building Society was established in Coventry in the year of 1884 and called originally the Coventry Economic Building Society. It grew to be the biggest building society in the county. The society’s growth peaked in 1983 with a merger with the Economic and Coventry Provident.

It uses as its logo Lady Godiva, who according to myth, was and Anglo Saxon noblewoman who rode on horseback naked through the streets of Coventry.

The Coventry Building Society made public on the 23^rd March 2010 that it would be merging with the Stroud and Swindon Building Society to bring into being a society using the Coventry label. This eventually took place on the 1^st September 2010 and they now have a workforce of 1,600. In the West Midlands, Wales and South West of England it has 92 branches and its head office is in Coventry at Economic House, High Street Coventry CV1 5QN. It is the third largest building society in the United Kingdom having assets totalling an massive £22.3 billion and 1.5 million members.

The Coventry Building Society have a vast number of mortgages on offer for First Time Buyers; Remortgaging; Offset; Buy to Let; Moving Home and mortgages for their existing borrowers.

Here is an example of a mortgage for First Time Buyers (as there are so many to choose from we can only give one representation).

This example is called a Flexx Fixed rate

• Interest rate currently is 5.99% which is fixed until the 30^th June 2016 and  then is followed by the ‘Privilege Rate’ for the remainder period of the mortgage which currently is 4.49% *
• The maximum LV (Loan to Value) is 90%
• There are no early repayment fees
• The booking fee is £199 which is payable when applying
• Interest is charged daily
• The Coventry Building Society ‘Privilege Mortgage Rate’ is a specific rate for eligible ‘Coventry Residential’ mortgage clients and in order to be entitled to this a client has to be at present a Coventry Residential borrower for at least the past 5 years.

Here is an example of a mortgage for Remortgaging (as there are so many to choose from we can only give one representation).

This example is called a 3.65% Capped rate until the 30^th September 2013

• Interest rate currently is 2.65%
• This rate is ‘capped’ at 3.65% with an additional 2.15% Bank of England Base Rate Tracker up until the 30^th September 2013.    This is then followed by the SVR (Standard Variable Rate) up till 30^th September 2013 which currently is 4.74% .  This is then followed by the ‘Privilege Rate’ for the remainder period of the mortgage which currently is 4.49% *
• The maximum LV (Loan to Value) is 65%
• There are early repayment fees which are 4% of the balance paid back until the 30^th September 2013. It is possible to repay up to 5% of the money without incurring any early repayment fees
• The booking fee is £199 which is payable when applying
• There is an arrangement fee of £800 and this can be added on to the mortgage
• Included is a remortgage transfer service as well as a single mortgage valuation with a maximum value of £670
• Interest is charged daily

* The Coventry Building Society ‘Privilege Mortgage Rate’ is a specific rate for eligible ‘Coventry Residential’ mortgage clients and in order to be entitled to this a client has to be at present a Coventry Residential borrower for at least the past 5 years.