Tag: Coventry Building Society

Coventry Building Society announces record results

Coventry Building Society announces record results

Coventry Building Society, which is scheduled to finalise its merger with smaller rival Stroud & Swindon next month, has today announced record results for the six months ending June 30. The UK’s third largest building society said pre-tax profit grew by 20% to £43.5 million - compared with £36.2 million in the same period a [...]

August 18, 2010 | 0 Comments More
FSA approves Coventry Building Society merger

FSA approves Coventry Building Society merger

The FSA has approved a proposed merger between Coventry Building Society and Stroud & Swindon Building Society. Under the merger the two financial providers will come together from the start of September. The newly formed organisation will be called Coventry Building Society, and will be based in the Midlands. The merger was first announced in [...]

August 6, 2010 | 0 Comments More
Coventry launches 3.2% tracker bond

Coventry launches 3.2% tracker bond

Coventry Building Society has launched a two year base rate tracker bond. Savers are guaranteed a minimum rate of 3.2% until September 2012. There is no maximum cap on interest rates The bond can be opened with any amount between £1 and £250,000. Withdrawals are subject to a penalty of 90 days interest. Customers wanting [...]

August 3, 2010 | 0 Comments More
Stroud & Swindon merger benefits SVR borrowers

Stroud & Swindon merger benefits SVR borrowers

Mortgage borrowers on Stroud & Swindon Building Society’s standard variable rate (SVR) can expect to see their monthly repayments reduced once the mutual is absorbed by the larger Coventry Building Society. In an announcement confirming the merger, Coventry says its financial strength will deliver an “immediate benefit” for many Stroud & Swindon members. The statement [...]

March 24, 2010 | 0 Comments More
Coventry and Stroud confirm merger deal

Coventry and Stroud confirm merger deal

Earlier this month, it was reported that Coventry Building Society was in merger talks with its smaller rival, the Stroud & Swindon. Today, however, the talks have been confirmed and the merger will bring together the country’s third and eleventh largest building societies. The merger, which is subject to approval by the members of Stroud [...]

March 23, 2010 | 0 Comments More
Coventry Building Society in merger talks with Stroud & Swindon

Coventry Building Society in merger talks with Stroud & Swindon

According to reports this weekend, Coventry Building Society is in merger talks with its smaller rival, the Stroud & Swindon. The talks follow a series of recent mergers between Britain’s building societies and, should a deal be successful, will bring more consolidation to the mutual sector. The news comes as Coventry, which is the country’s [...]

March 7, 2010 | 1 Comment More
Coventry allows unlimited repayments on 3.99% mortgage

Coventry allows unlimited repayments on 3.99% mortgage

Coventry Building Society has announced plans to reduce the rates on its residential re-mortgage products. The new lower rates include a 2-year fixed-rate deal at 3.5% with £999 fees at 65% loan to value. The lender also revealed a new fixed-rate mortgage offering borrowers the opportunity to make unlimited overpayments without penalty. The new range [...]

March 5, 2010 | 0 Comments More
The Coventry launches 4.25% bond

The Coventry launches 4.25% bond

The Coventry Building Society has launched a new 30-month fixed-rate bond paying interest at 4.25%. Savers can open the bond with an investment of between £1 and £250,000, and can choose between monthly and yearly interest payments. No money can be withdrawn from the bond until it matures in August 2012. The bonds are available [...]

February 5, 2010 | 0 Comments More
Coventry offers 125% mortgage for selected existing customers

Coventry offers 125% mortgage for selected existing customers

Coventry Building Society is supporting homemovers in negative equity by offering a mortgage of up to 125% loan-to-value (LTV) ratio. The deal is available for existing customers with sound credit histories and perfect mortgage repayment records. It involves transferring an existing mortgage to a property of equal or lower value without increasing the size of [...]

November 20, 2009 | 0 Comments More
Coventry launches 4.99% fixed rate mortgage

Coventry launches 4.99% fixed rate mortgage

Coventry Building Society yesterday launched a new range of mortgage products. Among the products released was a two year fixed-rate mortgage at 4.99%, available at 85% loan to value. A free valuation and remortgage transfer service are included in the deal. Offset products have also been updated to include a two year 4.49% fixed rate, [...]

January 6, 2009 | 0 Comments More
Coventry launches fixed-rates at 5.99%

Coventry launches fixed-rates at 5.99%

Coventry Building Society has extended its offering of fixed-rate mortgages. The range of home loans now provided by the UK’s fourth-largest building society includes three and five-year fixes at 5.99%. The maximum loan-to-value ratio on both is 75% and no early repayment charges apply. Customers can also benefit from a free valuation and free remortgage [...]

September 18, 2008 | 0 Comments More