FREE Online Conveyancing Process for Buyers
Includes online checklists, videos, downloads and tips - plus it is completely free to use from start to finish and saves your progress along the way.
Whole Market Access
Our mortgage broker has access to the whole of the market as our home loan brokers aren't tied to any particular mortgage providers.
FREE mortgage consultations for Coventry
Mortgage Brokers Coventry offering free first consultation (terms apply).
Fast mortgage appointments
With no need for face to face meetings you'll be called on the same day by one of our mortgage specialist brokers to discuss your circumstances and can support complex applications for Help to Buy, Right to Buy and Shared Ownership mortgages
Impartial Mortgage Advice
You'll have access to the whole of the market as our mortgage brokers aren't tied to any one mortgage company.
How to get a mortgage - or remortgage - in Coventry
Coventry is a city and borough in Central England in the West Midlands. Landmarks include Baginton Roman Fort, St Mary's Guildhall and its three cathedrals. St Mary's, the first cathedral, is a monastic building which is predominantly in ruins. The second and third are both called St Michael's; the first of these is a 14th century Gothic church which was reduced to a shell - and kept as a monument - by bombing in the Second World War, the other replaced the first. The city has two universities, Coventry University and the University of Warwick.
The mortgage application process has 4 stages regardless of which mortgage lender you use:
- Approval in principal (AIP)
- Mortgage in principal (MIP)
- Mortgage valuation
- Mortgage Offer
Read about the full mortgage process here - What is the mortgage process?
Checked one score? Check all 3!
Remember that in the UK there are 3 main credit reference agencies: Experian, Equifax and CallCredit. All 3 use different methods to produce a credit score and one or all may be consulted by a lender about your credit-worthiness.
It therefore makes more sense to check your score – and file – for all 3 so you have a complete picture of how your profile is viewed and can take any necessary steps to keep your credit score as high as you can.
Repayment Mortgage
You have to take out a repayment mortgage if you are a residential home buyer. You are granted a mortgage loan normally conditional on your saving a deposit of a minimum of 10% of the purchase price (in certain circumstances a lower percentage or even no deposit may be acceptable) and you commit to making regular monthly repayments over an agreed term, frequently 25 years, during which you pay back the loan.
For each payment you make, a portion of the money goes toward paying the interest on the loan and the rest goes towards paying down the capital. You accumulate more of the underlying capital over time so the interest element becomes less and the portion devoted to paying off the principal increases.
The biggest advantage of a repayment mortgage is that as long as you make all the payments, you can rest assured that at the end of the term you'll own the full equity of your property. This is not guaranteed to be the case with an interest-only mortgage; these mortgages are now only open to commercial customers.
CV2 3JL
Property Price Stats for Coventry
| Average property price in Coventry | £167,400 |
| % Change compared to last year | 6% |
| Population of Coventry | 337,428 (2014) |
The property price data is sourced from ![]()
the Land Registry's UK House Price Index and you can view up to date property prices by clicking - Land Registry House Price Index >>
RECENTLY COMPLETED MOVES IN Coventry
- 1 Amis Court, 41 Common Way, Coventry, CV2 3JL
- Flat 64, Wilson Green, Binley, Coventry, CV3 2TN
- 19 Kentmere Close, Coventry, CV2 2GE
- 20 Tremelling Way, Arley, Nuneaton, Coventry, CV7 8PS
- 201 Daventry Rd, Coventry CV3 5HE
Local High Street Banks in Coventry
Find a mortgage lender near you:
Our mortgage broker specialises in the local area and have completed house surveys in Allesley, Kenilworth, Bubbenhall, Wolston, Balsall Common, Nether Heyford and Keresley End.
- Lloyds - 30 High St, Coventry CV1 5RE
- Santander - 29 High St, Coventry CV1 5RE
- Coventry Building Society 19-20 High St, Coventry CV1 5QN
Access to the whole of the mortgage market
Appointments available today
Get a mortgage quote tailored to your own requirements
Best first time buyer mortgage brokers
Information about Mortgages
Watch our video to find out how to organise your mortgage and funding for your purchase.
Click to access our online mortgage payment/repayment calculator (UK).
Mortgage Broker Tips for the Conveyancing Process
Selling? Consider ordering your own local authority search
- One of the conditions that a lender imposes on a buyer buying a property with a mortgage is that the buyer must purchase a local authority search. Additionally, cash buyers often buy this search for their own peace of mind.
- The local authority search takes the longest to be returned; anything from 1 week/10 days to 6 weeks and beyond sometimes.
- A seller can therefore pre-empt this by buying their own local authority search, which they can then sell onto a prospective buyer.
- They also benefit by being notified of any planning orders etc.
Copyright 2014-19. All Rights Reserved.
SAM Conveyancing is a trading name of Share a Mortgage Ltd registration No. 08798475. We are an Introducer Approved Representative with the Financial Conduct Authority registration No. 618350. SAM Conveyancing complies with the Solicitors' Code of Conduct 2011 published by the Solicitors Regulation Authority (SRA). Your home may be repossessed if you do not keep up repayments on your mortgage.