Switch your mortgage
Apply online or call us, it's that simple
Why stay with us?
Speed and simplicity
If your mortgage details stay the same, you don’t need to do any affordability checks. And with a product transfer, because we’ve already assessed your property and financial circumstances, there’s no waiting around for solicitors or property valuations.
Cost
Whatever option you choose, at Coventry Building Society, we won’t charge legal, conveyancing or valuation fees with a product transfer. Remortgaging may involve fees, depending on the lender and the deal. These costs could add up.
Flexibility
While you may keep the same product, with a new rate, you have the flexibility to change your mortgage. This could include reducing your balance, borrowing more, changing the term or your repayment method.
How to apply
Choose for yourself and apply online
If you don’t plan on changing your mortgage term, you can apply for a product transfer online. You’ll get as good a rate online than if you phone us and you can do it any time, on any day of the week. Once you’ve secured your new deal, you can still change your mind up to one week before your current rate ends.
Switching online is 'Non-advised' as you won't speak to one of our advisors. When switching online you should be confident with your understanding of the product you're switching to. To log on, you'll need your 8-digit mortgage account number and property address.
The process can take as little as 15 minutes!
Apply online if...
OR
Need some help? Call us
If you’re not comfortable switching online, you want to change your mortgage term, repay some of your loan or borrow more, we have a team of mortgage experts on hand to talk you through your options. We can guide you through the process and help you secure your new rate. We’ll only share Coventry Building Society mortgages and we’re unable to discuss products from other mortgage lenders.
Taking an 'advised' approach to your mortgage means you will have the right to compensation if the product we recommend isn't suitable. Take a look at our full existing member range. Remember, even if you switch, you can still change your mind up to one week before your current deal ends.
The process takes around 45 minutes and there is no need to book an appointment.
Frequently asked questions
What information do I need to complete a product transfer
To complete your transfer, you must have the following information to hand:
- Your first name and surname
- Property postcode (of the property you’re taking the new deal out on)
- Your 8-digit account number.
You’ll find all of this information on your latest mortgage statement. You don’t need to know your account balance – you’ll see this once you’ve logged in.
Do I need to be registered for Online Services to complete a product transfer online?
Will I get a better deal over the phone or with a broker?
OR
Call 0800 121 8899
Want help?
Our help section is bursting with useful information. If you'd rather chat, just give us a call.
Call us on 0800 121 8899
- Mon-Fri 8am-7pm
- Saturday 9am-2pm
- Sunday & Bank holidays Closed
Yesterday, people waited on average
17 seconds for savings enquiries
17 seconds for mortgage enquiries
Want help?
Our help section is bursting with useful information. If you'd rather chat, just give us a call.
Call us on
0800 121 8899
Saturday
Sunday
9am - 2pm
Closed
Closed
On Saturday, people waited on average
9 seconds for savings enquiries
9 seconds for mortgage enquiries
