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Coventry BS offers £500 cashback on residential and offset deals

  • 07/06/2017
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Coventry BS offers £500 cashback on residential and offset deals
Coventry Building Society is offering £500 cashback on all fixed-rate residential and offset products for first-time buyers and homemovers.

The cashback incentive will commence on Friday and be paid directly to borrowers within 30 days of completion.

Coventry director of intermediaries Kevin Purvey (pictured) said: “We hope that our new cashback incentive of £500 will help with any unexpected costs and make things easier for borrowers.”

Brokers have been urging lenders to offer cashback and other incentives to enable borrowers to cover conveyancing costs, rather than use free legal services.

Mortgage products which offer free legal fees have come under fire recently, as one conveyancer used by Nationwide, Leeds Building Society, TSB, HSBC, Santander and Metro Bank struggled to maintain adequate service levels for its customers.

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