First time buyer product range

First time buyers can apply for any mortgage from our current residential range subject to lending policy. For details on these products view our Standard Residential products below. Your clients may also be eligible for our First Time Buyer Members’ mortgage you can find more details below.

First Time Buyer Members’ mortgage

If your client is looking to buy their first property and they (or their (grand)parents/guardian/close relative) have held a savings or current account (or in the case of the (grand)parents/guardian/close relative - a Coventry Building Society mortgage) with us consecutively for the last three years they are eligible to apply for the First Time Buyer Members’ mortgage.

The First Time Buyer Members' product and all Standard Residential products are provided by Coventry Building Society.

Cashback is available on fixed Purchase and First Time Buyer completions.

Product name and code	Current rate	Max LTV	Application and Product Fees	RMTS incl. RMTS stands for Remortgage Transfer Service. Find out more about this service here.	Valuation incl. Where a valuation is included, please see product details for the maximum value.	ERC- free Where an Early Repayment Charge is payable, please see product details for further information.
FTM61 First Time Buyer Members 2.49% Fixed rate to 31.12.23	2.49%	90%	Application fee: None Product fee: None

Standard Residential products

Product name and code	Current rate	Max LTV	Application and Product Fees	RMTS incl. RMTS stands for Remortgage Transfer Service. Find out more about this service here.	Valuation incl. Where a valuation is included, please see product details for the maximum value.	ERC- free Where an Early Repayment Charge is payable, please see product details for further information.
FHP51 1.55% Fixed rate to 31.12.20	1.55%	50%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP52 1.85% Fixed rate to 31.12.20	1.85%	50%	Application fee: None Product fee: None
FHP99 1.89% Fixed rate to 31.12.23	1.89%	50%	Application fee: None Product fee: £999 (can be added to mortgage)
FFN20 Flexx for Term	1.95%	50%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP53 1.95% Flexx Fixed rate to 31.12.20	1.95%	50%	Application fee: None Product fee: £499 (can be added to mortgage)
FHP89 2.09% Fixed rate to 31.12.25	2.09%	50%	Application fee: None Product fee: £999 (can be added to mortgage)
FHQ02 2.09% Flexx Fixed rate to 31.12.23	2.09%	50%	Application fee: None Product fee: £499 (can be added to mortgage)
FHQ01 2.09% Fixed rate to 31.12.23	2.09%	50%	Application fee: None Product fee: None
FFN21 Flexx for Term	2.25%	50%	Application fee: None Product fee: £499 (can be added to mortgage)
FHQ18 2.35% Fixed rate to 31.12.28	2.35%	50%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP54 1.65% Fixed rate to 31.12.20	1.65%	65%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP68 1.75% Fixed rate to 31.12.21	1.75%	65%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP55 1.95% Fixed rate to 31.12.20	1.95%	65%	Application fee: None Product fee: None
FHQ03 1.99% Fixed rate to 31.12.23	1.99%	65%	Application fee: None Product fee: £999 (can be added to mortgage)
FFN22 Flexx for Term	2.05%	65%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP56 2.05% Flexx Fixed rate to 31.12.20	2.05%	65%	Application fee: None Product fee: £499 (can be added to mortgage)
FHQ05 2.19% Flexx Fixed rate to 31.12.23	2.19%	65%	Application fee: None Product fee: £499 (can be added to mortgage)
FHQ04 2.19% Fixed rate to 31.12.23	2.19%	65%	Application fee: None Product fee: None
FHP90 2.19% Fixed rate to 31.12.25	2.19%	65%	Application fee: None Product fee: £999 (can be added to mortgage)
FFN23 Flexx for Term	2.35%	65%	Application fee: None Product fee: £499 (can be added to mortgage)
FHQ19 2.45% Fixed rate to 31.12.28	2.45%	65%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP57 1.75% Fixed rate to 31.12.20	1.75%	75%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP69 1.79% Fixed rate to 31.12.21	1.79%	75%	Application fee: None Product fee: £999 (can be added to mortgage)
FHQ06 2.05% Fixed rate to 31.12.23	2.05%	75%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP58 2.05% Fixed rate to 31.12.20	2.05%	75%	Application fee: None Product fee: None
FFN24 Flexx for Term	2.15%	75%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP59 2.15% Flexx Fixed rate to 31.12.20	2.15%	75%	Application fee: None Product fee: £499 (can be added to mortgage)
FHQ08 2.25% Flexx Fixed rate to 31.12.23	2.25%	75%	Application fee: None Product fee: £499 (can be added to mortgage)
FHQ07 2.25% Fixed rate to 31.12.23	2.25%	75%	Application fee: None Product fee: None
FHP91 2.29% Fixed rate to 31.12.25	2.29%	75%	Application fee: None Product fee: £999 (can be added to mortgage)
FFN25 Flexx for Term	2.45%	75%	Application fee: None Product fee: £499 (can be added to mortgage)
FHQ20 2.49% Fixed rate to 31.12.28	2.49%	75%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP61 1.85% Fixed rate to 31.12.20	1.85%	85%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP70 1.89% Fixed rate to 31.12.21	1.89%	85%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP60 1.99% Fixed rate to 31.12.20	1.99%	85%	Application fee: None Product fee: £999 (can be added to mortgage)
FHQ10 2.15% Fixed rate to 31.12.23	2.15%	85%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP62 2.15% Fixed rate to 31.12.20	2.15%	85%	Application fee: None Product fee: None
FHQ09 2.19% Fixed rate to 31.12.23	2.19%	85%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP63 2.25% Flexx Fixed rate to 31.12.20	2.25%	85%	Application fee: None Product fee: £499 (can be added to mortgage)
FFN26 Flexx for Term	2.25%	85%	Application fee: None Product fee: £999 (can be added to mortgage)
FHQ12 2.39% Flexx Fixed rate to 31.12.23	2.39%	85%	Application fee: None Product fee: £499 (can be added to mortgage)
FHQ11 2.39% Fixed rate to 31.12.23	2.39%	85%	Application fee: None Product fee: None
FHP92 2.45% Fixed rate to 31.12.25	2.45%	85%	Application fee: None Product fee: £999 (can be added to mortgage)
FFN27 Flexx for Term	2.55%	85%	Application fee: None Product fee: £499 (can be added to mortgage)
FHQ21 2.65% Fixed rate to 31.12.28	2.65%	85%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP65 1.99% Fixed rate to 31.12.20	1.99%	90%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP64 2.15% Fixed rate to 31.12.20	2.15%	90%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP71 2.19% Fixed rate to 31.12.21	2.19%	90%	Application fee: None Product fee: £999 (can be added to mortgage)
FHP66 2.29% Fixed rate to 31.12.20	2.29%	90%	Application fee: None Product fee: None
FHP67 2.29% Flexx Fixed rate to 31.12.20	2.29%	90%	Application fee: None Product fee: £499 (can be added to mortgage)
FHQ14 2.35% Fixed rate to 31.12.23	2.35%	90%	Application fee: None Product fee: £999 (can be added to mortgage)
FFN28 Flexx for Term	2.39%	90%	Application fee: None Product fee: £999 (can be added to mortgage)
FHQ13 2.39% Fixed rate to 31.12.23	2.39%	90%	Application fee: None Product fee: £999 (can be added to mortgage)
FHQ15 2.59% Fixed rate to 31.12.23	2.59%	90%	Application fee: None Product fee: None
FHQ16 2.59% Flexx Fixed rate to 31.12.23	2.59%	90%	Application fee: None Product fee: £499 (can be added to mortgage)
FFN29 Flexx for Term	2.69%	90%	Application fee: None Product fee: £499 (can be added to mortgage)
FHP93 3.05% Fixed rate to 31.12.25	3.05%	90%	Application fee: None Product fee: £999 (can be added to mortgage)
FHQ22 3.09% Fixed rate to 31.12.28	3.09%	90%	Application fee: None Product fee: £999 (can be added to mortgage)

Making your application

To help you provide the best possible service to your client and to avoid incurring unnecessary costs please check that your client’s circumstances meet our residential lending policy before submitting their application.

Then produce a DIP and, subject to our acceptance at this point, proceed to a full application.

Together we can get your client’s case moving. Help our underwriters process cases efficiently by reading our residential submission guidelines (PDF 86KB)Opens in a new window.

Application and valuation fees (where applicable) are payable on application, and are non-refundable. The application will not be processed until these fees are received. This means the product is not reserved and a valuation will not be instructed.

Privilege Rate

Our Privilege Rate is only available to existing borrowers of Coventry Building Society, with a Residential owner-occupier mortgage, who have remained on the same mortgage product and/orthe Society's Standard Variable Rate (SVR) for a total period of five years or more. The Privilege Rate, which is variable, is set independently of, but will not be higher than, the SVR.