Coventry launches £500 cashback and cuts rates

Coventry for Intermediaries has launched a £500 cashback offer on some of its two and five-year fixed rate deals.
The lender has also cut rates by 0.1 per cent on its five-year residential, offset and first-time buyer mortgages.
Its rates start from 2.15 per cent for an 85 per cent LTV two-year fixed rate with a £999 fee.
Director for intermediaries Kevin Purvey says: “Our £500 cashback incentive on our two-year and five-year fixed rate mortgages will help customers with the cost of moving home, something which proved very popular with our intermediaries last year.
“We are also delighted to reduce rates by 0.1 per cent on our five-year fixed, offset and first-time buyer mortgage products.”