The mutual has increased its market share of mortgages to 4.2% in 2025, up from 3.1% in 2024.

Excluding the impact of the acquisition of The Co-operative Bank in 2025 for £780m cash, the mutual says it delivered disciplined growth in residential mortgages given current low margins, with business, commercial and unsecured lending balances remaining stable.

New lending on owner-occupier homes accounted for 75% of total new lending in 2025, with overall average loan-to-value (LTV) on new lending of 67%.

The group assisted 9,600 first time buyers in 2025, increasing from 7,100 in 2024.

During 2025, the society launched a limited company buy-to-let proposition in April, expanding its reach to the residential rental sector with over £1 billion applications received in the year.

The mutual also reported that statutory profit before tax increased to £801m in 2025, up from £323m in 2024, including a gain of £584m on the acquisition of The Co-operative Bank.

Coventry Building Society chief executive Steve Hughes says: “A defining and transformational year for the Group having brought The Co-operative Bank back into mutual ownership, delivered on our integration and financial performance commitments and created our new ambitious organisational strategy.”

“We remain absolutely focused on delivering the right outcomes for our members and customers and have started laying the groundwork to create an organisation that is meaningfully different in UK financial services.”