Coventry Building Society reports mortgage lending growth in 2018

Michael Lloyd

March 1, 2019

Coventry Building Society reported advances of £8.9bn in 2018, up slightly from £8.6bn in 2017, its annual results showed.

This helped increase mortgage assets by £3.4bn to £39.3bn, representing growth of 9%, three times faster than the market.

Mark Parsons, Coventry’s chief executive, said: “We’re doing what we’re here to do – providing access to competitive mortgages in a responsible and sustainable way.

“Our consistent outperformance of the market shows that we’re focusing on the right things – great value mortgages and fantastic service for borrowers and intermediaries alike.

“I want to thank our intermediary partners who’ve worked with us to deliver another year of robust growth.”

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