Coventry reports strong mortgage growth

Michael Lloyd

July 30, 2019

Coventry Building Society has reported strong mortgage growth in its H1 results.

In the six months ending 30 June the society’s gross mortgage lending was £4.1bn and net lending £1.3bn, up from a gross lending of £4.6bn and net lending of £1.5bn from the same period in 2018.

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

“Our track record of growth shows that we’re focusing on the right things – great value mortgages and fantastic service for borrowers and intermediaries alike.”

The society’s mortgage balances are expected to have grown by more than two and a half times the rate of the market for the 12 months to 30 June 2019.

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