History

Coventry Building Society was first founded 1884 in Coventry and was originally named the Coventry Economic Building Society. In 1983, they merged the Coventry Economic Building Society with the other main building society in the city, the Coventry Provident. Its logo is of Lady Godiva, the iconic figure of Coventry.

On 23 March 2010, the Coventry announced that it would be merging with the Stroud and Swindon Building Society to create a society, under the Coventry brand, that has 1.5 million members and 91 branches in the West Midlands and South West England. It is a member of the Building Societies Association.

Here are the five principles they work to:

• You are guaranteed a fair deal at the Coventry. Treating you fairly doesn't just mean attractive rates on savings and mortgages. It means being clear and honest, offering deals that give you consistently good value with no hidden catches.
• They treat all members equally. They value each member, so all their accounts are available to new customers and are also available to existing customers. And you'll get the same quality service whether you've got £100 or £100,000.
• They will seek their members' views. Going to great lengths to understand our members means that we're keen to listen to what you have to say. Coventry membership means you get plenty of opportunities to make your voice heard.
• They support the communities they live in whether it's through charitable fundraising, improving financial literacy, educational partnerships or simply working harder to protect the environment, the Coventry has a role to play.
• They will deliver the service they promise.

The Coventry Building Society has assets of nearly £18 million and the Society now serves over 1,000,000 customers. It was a highly commended online mortgage lender by Your Mortgage magazine for a third year in a row and is now the third largest building society in the UK.

Remortgages offered through Coventry Building Society

The Coventry offers the following standard remortgage schemes:

Flexx Fixed - your initial rate will be fixed for the first 5 years. After the flexx rate has finished your rate will revert to +0.75% Bank of England Base Rate Tracker for the remainder of the mortgage. A booking fee applies. An arrangement fee applies. There are no early repayment charges. Interest is calculated daily.

Flexx - your rate will be no more than 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 initial rate is set at a discount off the Society's standard variable rate. After the discount period your rate will revert to the Privilege rate for the rest of your mortgage term. A booking fee applies. There is no arrangement fee. Early repayment charges apply. Interest is calculated daily.

Fixed Rate - your initial mortgage rate is fixed for an agreed period. After the fixed rate period has finished 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 rate for the whole of your 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 has ended you rate will revert 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.

Capped - your rate is capped for 5 years. It is then set above the Bank of England Base Rate Tracker for the remainder for the mortgage. A booking fee applies. An arrangement fee applies. There are early repayment charges. Interest is calculated annually.

Flexx Capped - your initial rate is capped. It is then set above the Bank of England Base Rate Tracker for the remainder for the mortgage. A booking fee applies. An arrangement fee applies. There are no early repayment charges. Interest is calculated daily.

Coventry Building Society also has specialist remortgage products for:

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

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

Offset - this type of product offsets your savings against your mortgage. Coventry has discount, tracker and fixed rate options.

Coventry also offers a financial mortgage plan which is a combination of a mortgage and a personal loan.