In addition, a 4.79% five-year fixed rate mortgage until August 2029, at 75% LTV with no product fee, is available for buy-to-let remortgages. The option comes with the choice of £350 cashback or a Remortgage Transfer Service.

“Many of our rates are reducing, with some of our biggest reductions going to options most suited for first-time buyers,” said Jonathan Stinton (pictured), head of intermediary relationships at Coventry Building Society. “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.”

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