"Many of our rates are reducing, with some of our biggest reductions going to options most suited for first-time buyers."
- Jonathan Stinton, head of intermediary relationships at Coventry BS
Coventry for intermediaries has reduced selected new business residential rates by up to 22bps, with a focus on supporting first-time buyers.
The Society is offering first-time buyers in and around the Society’s home city, who are buying a home with a CV postcode, £1,000 cashback.
Highlights include a two-year fixed rate at 90% LTV, available at 5.41% with no product fee and £500 cashback.
Selected new business buy-to-let rates have also been reduced by up to 26bps.
A five-year fixed rate buy-to-let remortgage product is available at 4.79% up to 75% LTV with no product fee, with the option of £350 cashback or use of the Society's remortgage transfer service.
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Many of our rates are reducing, with some of our biggest reductions going to options most suited for first-time buyers. 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 first-time buyers who are buying a home with a CV postcode. We’re proud to be supporting first-time buyers 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.”
