Coventry Building Society - inflexible on charges
3 replies 93 views
Alan_C_Smith ForumiteMoneySaving Newbie
Anyone else find the Coventry uncaring at this time? My daughter is furloughed and her pay is 20% down; my son in law has had his pay cut 25% . Their current mortgage is with the Coventry . They want to move house but Coventry's new rules say they have to put up 15% deposit (previous to Covid it was 10%) - how can you do that when your pay has been cut? So they have looked around and found in Nationwide a 10% deposit arrangement but guess what the Coventry are going to charge them £3000 for leaving them 9 months early and not remortgaging with them! Why on earth do Coventry need to be so difficult at this time? My daughter would happily have stayed with Coventry but finding 15% is impossible .