First time buyer members' mortgage
At Coventry Building Society we value our members and we like to go that extra mile to show our appreciation for your loyalty.
Have you, your parents/guardian or your grand parents held an account with us consecutively for the last 3 years? If so, you could be eligible for our First Time Buyer Members' Mortgage.
We've designed this mortgage, which provides up to 90% of the property value, exclusively for our existing members and their children or grand children.
Latest product information
You can apply for the First Time Buyer Members' Mortgage if you've held a savings or current account with us for the last 3 years, or if one of your parents, grand parents or guardians has held a mortgage, savings or current account with us for the last 3 years.
You must also be buying your first property.
Low deposit needed
We understand how difficult it is to save up all the money you need to buy your first home.
This exclusive members' mortgage is designed to give you a helping hand, by providing up to 90% of the property value, leaving you a smaller than normal deposit of just 10% to find from your savings.
An extra gift for you
As an added bonus, shortly after your mortgage completes, a £500 IKEA gift card will be sent out to your new home as a housewarming gift from the Coventry for you to spend at your leisure.
How to apply
You can apply for the First Time Buyer Members' Mortgage by:
- Making an appointment with one of our mortgage advisors at your local branch
- Talking to an advisor in our Customer Service Centre on 0845 601 5216
If your parent/guardian or your grand parent is the eligible member, they will either need to confirm this over the telephone when contacting the Customer Service Centre or will need to complete a confirmation of eligibility form that you will need to take with you to your local branch.
By providing proof of eligibility your (parent/guardian or your grand parent) will not be named on your mortgage, so will have no responsibility for keeping up the payments associated with it.
If you do not currently qualify for the First Time Buyer Members' Mortgage , why not have a look at our other first time buyers products, also designed specifically to help you purchase your first home.
Your home may be repossessed if you do not keep up repayments on your mortgage.