SimplyFinance
Comprehensive. Trusted. Free.
Coventry Building Society
The Coventry Building Society was founded in 1884, and has grown by providing banking, savings, mortgages, insurance, and travel help through the years to become the fifth largest building society in the UK in terms of total assets.
Coventry’s banking plans can include a Visa debit card, a helpline, and generous overdraft protection. Regarding savings, Coventry has several plans, including a 50 Plus eSave. This savings plan is only for those aged 50 and over and offers a great interest rate along with easy online access. They also offer tax-free savings, which has a maximum yearly contribution limit, and bonds.
Coventry offers several types of mortgages. If you have no deposit saved, they offer 100% mortgages, Step-up loans (first time buyers are helped by their parents), and a plan called MOREgage. This latter scheme is a combination of two kinds of loans in order to help you realise your dream of home ownership.
Coventry’s more traditional mortgages have special loyalty benefits. They offer several fixed term mortgages. One is for a five-year term. After the five years are over, the rate will be set at a Privilege Rate for the remainder of the loan’s life. Two other fixed rate loans breakdown as follows: two years at the fixed rate, three years at the Standard Variable Rate, followed by the Privilege Rate for the remaining years. They also have Flexx, Privilege, and standard variable rate mortgages.
In terms of insurance, Coventry offers home and contents, mortgage and income, landlord, life and critical illness, as well as travel cover. Several discounts apply.
So, if you are in the market for banking or savings products, a mortgage, or insurance, use our tools on SimplyFinance.co.uk to find the best company and product for you, keeping in mind that this article should not be interpreted as financial advice or as a recommendation by SimplyFinance to use any individual service or to invest with any company advertised or mentioned.
Lower Your Mortgage
TODAY’S MORTGAGE RATES
| Loan Type | Rate | APR |
|---|---|---|
| Fixed | 5.6% | 6.9% |
| Tracker | 5.64% | 5.9% |
| Discounted | 5.7% | 6.9% |
| Capped | 6.05% | 7.2% |
About this index Rates may contain points
NEWS & ARTICLES
26 Jun 2008
Lower Fees Demanded in the Face of Declining Mortgage Approval Numbers
The mortgage market in the UK has looked better, but there are steps being taken by officials to lessen the burden on borrowers. This article talks about the current status of the mortgage market, the things being done to assist borrowers in this time of financial turmoil, and ways that borrowers can prepare themselves to go out and find the best mortgage loan for them. »
21 Sep 2008
Prices Fall in UK Housing Market
UK housing prices are currently at a record low since the housing slump of the 1990’s. The current housing market crash has been driven by the low availability of credit for new mortgages. The low housing prices reported in the fourth quarter of 1990 were due to high levels of unemployment coupled with the high interest rates. Regardless of the reasons behind the current housing crunch, reports suggest that the cost of housing in the UK is not expected to rise any time soon. Rather, the speculation is that the prices will continue to fall on average 2% per month, making any quick recovery from this slump unlikely.»
08 Nov 2008
UK Slashes Interest Rates
UK makes shocking slash to interest rates. The 1.5% cut brings the interest rates to the current level of 3%, the lowest level the UK has seen since 1955. Due to the current shift in interest rates, and the state of the UK economy, now may be a good time to consider a remortgage. »
Be updated on the latest market news: RSS Feeds