Coventry launches new high-LTV range with £500 cashback

Coventry for intermediaries has launched a new residential mortgage range with £500 cashback for home movers and first-time buyers.

Related topics:  Mortgages
Rozi Jones
11th May 2018
Coventry
"We are also delighted to reduce rates by 0.10% on our five-year fixed, offset and first-time buy mortgage products."

The cashback is available on four residential products between 85% and 90% LTV, with two-year fixed rates starting from 2.15% and five-year fixed rates from 2.29%.

The four cashback products - available on its 2 Year and 5 Year Fixed rate mortgages – range between 85% and 90% Loan to Value (LTV).

Products have a £999 fee and the cashback incentive will be paid directly to borrowers within 30 days after completion of their mortgage.

The Society has also reduced rates by 0.10% on its five-year fixed residential, offset and first-time buyer only mortgages.

Kevin Purvey, director of intermediaries, said: “Our £500 cashback incentive on our two-year and five-year 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 0.10% on our five-year fixed, offset and first-time buy mortgage products.”

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