Coventry BS launches capped tracker mortgage
Coventry Building Society has launched a new capped base rate tracker mortgage.
The product charges 2.49 per cent above the base rate until June 30th 2012, with the rate capped at 3.99 per cent until this point.
It is available at up to 65 per cent loan-to-value and includes a £650 valuation.
The building society has also reduced rates on some of its other mortgages, including its two-year fixed-rate products.
Colin Franklin of Coventry Building Society says: "For those wishing to take advantage of low interest rates and protect themselves in future, our capped base rate tracker mortgage is perfect."
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