Coventry reports strong mortgage growth

In the six months ending 30 June the society’s gross mortgage lending was £4.1bn and net lending £1.3bn.

Coventry reports strong mortgage growth

Coventry Building Society has reported strong mortgage growth in its H1 results.

In the six months ending 30 June the society’s gross mortgage lending was £4.1bn and net lending £1.3bn, up from a gross lending of £4.6bn and net lending of £1.5bn from the same period in 2018.

Mark Parsons, chief executive, Coventry Building Society, said: “We’re doing what we’re here to do – providing access to competitive mortgages in a responsible and sustainable way.

“Our track record of growth shows that we’re focusing on the right things – great value mortgages and fantastic service for borrowers and intermediaries alike.”

The society’s mortgage balances are expected to have grown by more than two and a half times the rate of the market for the 12 months to 30 June 2019.