Coventry Building Society Mortgage Rates for Existing Customers

Coventry Building Society's mortgage rates for existing customers currently offers products spread across 2, 3, 5, and 10-year term options.

Coventry Building Society Mortgage Rates for Existing Customers

Check back weekly or favourite this page to keep an eye on the ever-changing rates. The table below is updated as of May 21, 2024 and rates are subject to change.

Coventry Building Society mortgage rates for existing customers – 2-year term

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
COVENTRY BS Existing Members Fixed Rate 2 years 4.98% 7.2 APRC £999.00 65%
COVENTRY BS Existing Members Fixed Rate 2 years 5.03% 7.2 APRC £999.00 75%
COVENTRY BS Existing Members Fixed Rate 2 years 5.19% 7.2 APRC £999.00 80%
COVENTRY BS Existing Members Fixed Rate 2 years 5.42% 7.3 APRC £999.00 85%
COVENTRY BS Existing Members Fixed Rate 2 years 5.46% 7.3 APRC £999.00 90%
COVENTRY BS Existing Members Fixed Rate 2 years 5.84% 7.4 APRC £999.00 95%
COVENTRY BS Existing Members Fixed Rate Offset 2 years 5.28% 7.2 APRC £999.00 65%
COVENTRY BS Existing Members Fixed Rate Offset 2 years 5.33% 7.2 APRC £999.00 75%
COVENTRY BS Existing Members Fixed Rate Offset 2 years 5.45% 7.2 APRC £0.00 65%
COVENTRY BS Existing Members Fixed Rate 2 years 5.15% 7.1 APRC £0.00 65%
COVENTRY BS Existing Members Fixed Rate 2 years 5.25% 7.2 APRC £0.00 75%
COVENTRY BS Existing Members Fixed Rate Offset 2 years 5.55% 7.2 APRC £0.00 75%
COVENTRY BS Existing Members Fixed Rate 2 years 5.39% 7.2 APRC £0.00 80%
COVENTRY BS Existing Members Fixed Rate 2 years 5.62% 7.3 APRC £0.00 85%
COVENTRY BS Existing Members Fixed Rate 2 years 5.68% 7.3 APRC £0.00 90%
COVENTRY BS Existing Members Fixed Rate 2 years 5.96% 7.4 APRC £0.00 95%

 

Coventry Building Society mortgage rates for existing customers – 3-year term

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
COVENTRY BS Existing Members Fixed Rate 3 years 4.84% 6.9 APRC £999.00 65%
COVENTRY BS Existing Members Fixed Rate 3 years 4.94% 6.9 APRC £999.00 75%
COVENTRY BS Existing Members Fixed Rate 3 years 5.09% 7.0 APRC £999.00 80%
COVENTRY BS Existing Members Fixed Rate 3 years 5.24% 7.0 APRC £999.00 85%
COVENTRY BS Existing Members Fixed Rate 3 years 5.36% 7.1 APRC £999.00 90%
COVENTRY BS Existing Members Fixed Rate 3 years 5.75% 7.2 APRC £999.00 95%
COVENTRY BS Existing Members Fixed Rate 3 years 5.04% 6.9 APRC £0.00 65%
COVENTRY BS Existing Members Fixed Rate 3 years 5.18% 6.9 APRC £0.00 75%
COVENTRY BS Existing Members Fixed Rate 3 years 5.26% 7.0 APRC £0.00 80%
COVENTRY BS Existing Members Fixed Rate 3 years 5.41% 7.0 APRC £0.00 85%
COVENTRY BS Existing Members Fixed Rate 3 years 5.53% 7.1 APRC £0.00 90%
COVENTRY BS Existing Members Fixed Rate 3 years 5.86% 7.2 APRC £0.00 95%

 

Coventry Building Society mortgage rates for existing customers – 5, 10-year term

COMPANY TYPE TERM INITIAL RATE THE OVERALL COST FOR COMPARISON IS PRODUCT FEE LOAN TO VALUE (LTV)
COVENTRY BS Existing Members Fixed Rate 5 years 5.43% 6.7 APRC £0.00 95%
COVENTRY BS Existing Members Fixed Rate 5 years 5.12% 6.6 APRC £0.00 90%
COVENTRY BS Existing Members Fixed Rate 5 years 5.03% 6.5 APRC £0.00 85%
COVENTRY BS Existing Members Fixed Rate 5 years 4.90% 6.4 APRC £0.00 80%
COVENTRY BS Existing Members Fixed Rate 5 years 4.81% 6.4 APRC £0.00 75%
COVENTRY BS Existing Members Fixed Rate 5 years 4.73% 6.4 APRC £0.00 65%
COVENTRY BS Existing Members Fixed Rate Offset 5 years 5.11% 6.6 APRC £0.00 75%
COVENTRY BS Existing Members Fixed Rate Offset 5 years 5.03% 6.5 APRC £0.00 65%
COVENTRY BS Existing Members Fixed Rate Offset 5 years 5.08% 6.6 APRC £999.00 75%
COVENTRY BS Existing Members Fixed Rate Offset 5 years 4.96% 6.5 APRC £999.00 65%
COVENTRY BS Existing Members Fixed Rate 5 years 5.41% 6.8 APRC £999.00 95%
COVENTRY BS Existing Members Fixed Rate 5 years 5.03% 6.6 APRC £999.00 90%
COVENTRY BS Existing Members Fixed Rate 5 years 4.91% 6.5 APRC £999.00 85%
COVENTRY BS Existing Members Fixed Rate 5 years 4.83% 6.5 APRC £999.00 80%
COVENTRY BS Existing Members Fixed Rate 5 years 4.78% 6.4 APRC £999.00 75%
COVENTRY BS Existing Members Fixed Rate 5 years 4.66% 6.4 APRC £999.00 65%

 

Coventry Building Society Mortgage Rates for Existing Customers FAQs

Do existing customers of CBS get better mortgage rates?

Individuals who hold accounts with Coventry Building Society may have access to more advantageous mortgage rates as existing customers, although this will depend on various factors, such as individual circumstances and the chosen product.

In the current climate, most lenders are generally receptive to providing competitive product transfers. If your mortgage deal is set to expire within the next six months, it's advisable to approach your current lender to inquire about any competitive product transfers they may offer. However, not all lenders will provide incentives beyond your fixed term, so it may be necessary to conduct your own research and obtain quotes from other lenders or consider hiring a broker who can evaluate your criteria and work with multiple lenders at once. Many brokers don't charge any fees until a mortgage is secured, so it's worthwhile to investigate this option.

If you're thinking of remortgaging before your existing deal ends, it's important to assess whether you'll be liable for any early repayment charges and weigh this up against the potential savings you could achieve by switching early. For individuals who secured their mortgage when rates were at their highest, early switching could be financially beneficial, even after accounting for any early repayment charges. It's a good idea to initially speak with your existing lender to determine whether they can provide any assistance.

Can you negotiate interest rate on existing mortgage with Coventry Building Society?

It's possible to lock in mortgage rates up to six months before the current term ends, which is an ideal time to negotiate the interest rate on your existing mortgage. If you're struggling with

repayments or if you fixed your rate when rates were at their highest, it's worth speaking to your current mortgage lender initially to determine if they can offer assistance.

If your current mortgage deal is set to expire within the next six months, it's recommended that you approach your current mortgage provider to inquire about any competitive product transfers they may offer. Although such transfers can be beneficial for both parties, not all lenders offer incentives beyond your fixed term. If your current lender does not provide attractive rates, you can research and obtain multiple quotes from other lenders or work with a broker who can consider your criteria and evaluate multiple lenders simultaneously. Many brokers don't charge any fees until a mortgage is secured, making it worthwhile to explore this option.

If you're considering remortgaging before the expiration of your current deal, it's essential to evaluate whether you'll be liable for any early repayment charges and determine if it's worthwhile to pay these charges considering the potential savings you could achieve by switching early. For individuals who secured their mortgage when rates were at their highest, early switching could still be financially beneficial, even after accounting for any early repayment charges.

Do existing customers get the same deal as new customers?

Existing customers of Coventry Building Society may be eligible for more favorable mortgage rates, depending on their individual situation and chosen products. Coventry Building Society, like many lenders in the current market climate, often offers competitive product transfers to existing customers. It's worth reaching out to your current mortgage provider to inquire about their product transfer options within the next six months of your mortgage deal's expiration.

Not all lenders, including Coventry Building Society, may provide incentives beyond the fixed term, so it's important to carefully review the terms and conditions of any new mortgage deal offered by your current lender. If your current lender does not offer a competitive rate, you have the option to conduct research and obtain quotes from other lenders or seek the assistance of a mortgage broker who can assess your criteria and evaluate multiple lenders simultaneously. Many mortgage brokers do not charge any fees until a mortgage is secured, making it a worthwhile option to explore.

When considering remortgaging before the expiration of your current deal, it's important to assess whether you may be liable for any early repayment charges and weigh this against the potential savings from switching early. Even if you initially fixed a rate with Coventry Building Society when interest rates were higher, early switching could still be financially beneficial, taking into account any early repayment charges. It's advisable to speak with your current mortgage lender, such as Coventry Building Society, to determine if they can offer any assistance or provide information on their mortgage rates for existing customers.

In conclusion, existing customers of Coventry Building Society may have the opportunity to secure more favorable mortgage rates through product transfers or remortgaging. Thoroughly reviewing your individual circumstances, comparing different mortgage deals from multiple lenders, and considering any early repayment charges are essential steps in making an informed decision. Utilizing the services of a mortgage broker can also provide valuable assistance in navigating the mortgage market and potentially securing a better deal. Always consult with your current mortgage provider, such as Coventry Building Society, and explore all available options to make the best decision for your mortgage needs.