Coventry for intermediaries has cut selected new business residential rates by up to 22 basis points, while some new business landlord offers have been reduced by as much as 26bps.
It points out that a number of its reduced residential offers are aimed at first-time buyers and come with £500 cashback.
Coventry Building Society’s broker-only arm adds that FTBs who buy a home with a CV postcode (in the Coventry area) can get £1,000 cashback.
Highlights of the firm’s offers include:
- Two-year fix at 5.41%, to 31 August 2026, at 90% LTV, with no product fee and £500 cashback – available for FTBs
- Five-year fix at 4.79%, to 31 August 2029, at 75% LTV, with no product fee – available for buy-to-let remortgage, with the option of £350 cashback or use of the lender’s remortgage transfer service
Coventry Building Society head of intermediary relationships Jonathan Stinton says: “Many of our rates are reducing, with some of our biggest reductions going to options most suited for FTBs.
“As well as competitive rates, many of these deals also come with cashback which could be handy to help new buyers with moving costs.
“We’re also launching new deals which offer £1,000 cashback for any FTBs who are buying a home with a CV postcode.
“We’re proud to be supporting FTBs up and down the country with a little extra for those looking to take their first step on the housing ladder in our home city.”
