Coventry for intermediaries will be offering a £500 cashback incentive on all fixed rate residential and offset products.
Kevin Purvey, director of intermediaries at Coventry, said: “We’re delighted to announce our cashback incentive for all fixed rate residential and offset mortgage products from Friday 9 June. While buying a first home or taking the next step on the property ladder is exciting, costs can mount up very quickly. We hope that our new cashback incentive of £500 will help with any unexpected costs and make things easier for borrowers”.
“We think that this new cashback incentive – when combined with our competitive rates, options for application fee-free products, a valuation of up to £670 included and our commitment to providing excellent service – will make our residential and offset mortgage ranges even more attractive for both brokers and their clients.”
The cashback, available for first-time buyers and home movers, will be paid directly to borrowers via a faster payment within 30 days of completion.