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Coventry to pay £500 cashback on fixed mortgages


Coventry for Intermediaries will pay £500 cashback on all fixed rate residential and offset mortgages for first time buyers and home movers from Friday.

The cashback will be paid directly to borrowers within 30 days of completion.

Coventry for Intermediaries director of intermediaries Kevin Purvey says: “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”.



Coventry brings in 125% buy-to-let ICR

Coventry for Intermediaries has brought in a tiered buy-to-let interest coverage ratio system. The ICR is 125 per cent if each applicant is a non-tax payer or basic rate taxpayer whose total gross annual income is less than £40,000. ICRs will be 140 per cent for higher rate taxpayers or those earning more than £40,000 […]

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Coventry introduces 50% LTV BTL range

Coventry for intermediaries has launched a range of buy-to-let mortgages at 50 per cent LTV. The products include a 1.49 per cent two year fix at 50 per cent LTV with ERCs payable to 30 April 2019 and a £1,999 product fee; and a 2.59 per cent five year fix with ERCs payable at £1,999 […]

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Defined benefit schemes: Part 2

Justin Corliss, business development manager In defined benefit (DB) schemes part 1, we looked at recent guidance aimed at DB scheme trustees and sponsors. In part 2 we will look at guidance available to pension transfer specialists (PTS). In the first instance, PTS should familiarise themselves with COBS 19. All guidance below is designed to […]


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