We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Coventry BS - experiences?
Capri84
Posts: 173 Forumite
I noticed today that Coventry are now offering 95% mortgages. Does anyone have experience with them?
I know of a couple who have used them, but their mortgage ‘wasn’t straightforward’ which I believe was more on their side rather thank Coventrys.
I know of a couple who have used them, but their mortgage ‘wasn’t straightforward’ which I believe was more on their side rather thank Coventrys.
Have a mortgage broker, but he acts like I’m putting him out whenever I get in touch. Considering applying for a DIP myself as there’s a property we like locally and don’t want to miss out due to a slow acting MB.
0
Comments
-
Coventry were sh*te the one time I tried to use them. But this was 2 years ago.
If this MB doesn't want your business, just find another one. But they are not just going to do a DIP unless you actually want to proceed. You dont really need one to view a property, get the MB to email the estate agent when you make an offer. Thats always been the way I did it. Don't like letting the estate agent know how much I can borrow.0 -
My resitendial mortgage is with the Coventry Building Society. I'd never even heard of them when I found their services but they were offering a 7 year fixed rate at the time which suited me perfectly. I've had no issues with them since I took out the mortgage in 2017 though it's worth noting that I've never been late on a payment or had to contact them for whatever reason. I guess I'm saying I've never had to test their ethics, except for last year when I requested a mortgage break. This was rejected because I openly admitted that I had no problem making the payments, I only wanted the break so I could pass on the benefits to my housemates (or tenants) who were struggling at the time.
If you plan on having a smooth mortgage experience (which of course you do) then I don't see why you'd have any issues with them. If you can get an opinion from someone who's missed a payment or tried to leave then this would be a great help to you.0 -
Anyone else using Coventry for their new 95% products? Interested to know if they auto refer every DIP for further checks before issuing?0
-
We are just about to do a full app with Coventry on 90% so also interested to hear experiences if anyone has them, first time so absolutely bricking it 😬0
-
95% AIP given by Coventry
Just need to find a house now!0 -
DIP only lasts 28 days... that’s a bit short. Especially in the current climate where houses fly so quickly.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards