Coventry completes £4.6bn of lending in H1 2018

Ryan Bembridge

July 27, 2018

Coventry Building Society recorded gross lending of £4.6bn in the first half of 2018, up from £4.4bn the year before.

The society added that it’s mortgage balance has grown by more than three times the rate of the market in the year to June, based on Bank of England stats.

Mark Parsons, chief executive, Coventry Building Society, said: “These results show a strong start to the year, in which we continued to outperform the market in terms of growth in savings and mortgages, continued to pay considerably more to our savers than the market average and further improved our service to members.”

Coventry is the seventh largest UK provider of residential and buy-to-let mortgages.

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