Coventry for intermediaries has cut the majority of its fixed-rate products by up to 17 basis points, while LendInvest Mortgages launches Black Friday free bridging valuations.
The Coventry Building Society’s broker-only unit says its reductions include residential products at two-, three- and five-year terms.
It adds that 90% loan to value and 95% LTV prices have come down “to help first-time buyers, with selected products offering £500 cashback”.
The mutual’s highlights include:
Coventry Building Society head of intermediary relationships Jonathan Stinton, says: “We may be entering the final few weeks of the year, but brokers are still hard at work for their clients.
“There are new buyers out there who are looking to step onto the ladder, and existing homeowners who need to secure their next deal, and brokers are the ones they’ll turn to.
“Our latest reductions and our range of two-, three- and five-year rates, help give brokers what they need to take care of their clients.”
Meanwhile, LendInvest’s Black Friday offer is open to all of its unregulated bridging products on standard properties.
LendInvest Mortgages business development manager Victoria Barnard adds: “Since cutting our bridging rates a couple of weeks ago, we’ve seen lots of interest from brokers with clients looking to find the right deal in today’s market.
“We wanted to take this a step further though, and continue to support their customers to save money and meet their ambitions for this winter.
“After a challenging year, with inflation beginning to fall and the Bank of England base rate staying stable, we want to pass on the benefits of that to our customers and help stimulate the market.”
