At Coventry Building Society we value our members and like to go that extra mile to show our appreciation for your loyalty. So we've designed a first time buyer mortgage to help get you into your first home.

Our first time buyer Members' mortgage lets you borrow up to 90% of the purchase value of your first home, leaving you a smaller than normal deposit of just 10% to find from your savings. And as an added bonus, shortly after your mortgage completes, a £500 IKEA gift card will be sent out to your new home - a house warming gift from the Society for you to spend at your leisure.

To qualify, you must be buying your first property and either you or your parent/guardian or grandparent must have held a savings or current account (or in the case of a (grand)parent/guardian - a Coventry mortgage) with the Society continuously for the last 3 years at the time you apply.

How to apply for the first time buyer Members' mortgage

You can apply for the first time buyer Members' mortgage by either contacting one of our mortgage advisors at your local branch or at our Customer Service Centre on 0845 7665522. They will check that you are eligible, explain the full costs of the mortgage in detail and will guide you through the application process.

If your (grand)parent/guardian 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 (grand)parent/guardian will not be named on your mortgage, so will have no responsibility for keeping up the payments associated with it.

Confirmation of eligibility form >>

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.

First time buyer rates >>