The Coventry Permanent Economic Building Society was set up in 1884 and was formed with the aim of helping local residents buy their own homes and to help them organise their personal finances. After merging with the Coventry Provident back in 1983, the building society was named Coventry Building Society.
Coventry BS is still owned by its members rather than external shareholders, hence the catchphrase "TLC not PLC". In the 2007-08 Your Mortgage Awards, Coventry was recognised as a Highly Commended Online Mortgage Lender.
However, Coventry has recently cut back its First Time Buyer mortgage range. It presently offers rates from 5.89% (fixed until 2010), and has a minimum 85% loan-to-value threshold.
We suggest that the best way to find out whether the Coventry Building Society is suitable for you is to consult an FSA-qualified mortgage adviser. An adviser can compare all other lenders in the market for you and find a deal to suit your needs and circumstances.
By filling in our mortgage form you will get a free call back with specialist help and a quote, representative of the whole of market, with no strings attached.