New capped tracker mortgage from the Coventry

Coventry has launched a new range of competitively priced mortgage products including a tracker at BBR +1.99% and a capped tracker at BBR +2.50%.

The product details are:

BBR +1.99% 2 year Tracker Rate (30.09.12), loan to value 75%
BBR +2.50% 3 year Tracker Rate capped at 4.99% (30.06.13), loan to value 60%

The Society are also launching further fixed and Flexx for Term rates including:

3.10% Flexx for Term, loan to value 65%
3.15% 2 Year Fixed Rate (30.09.12), loan to value 60%
3.35% Flexx for Term, loan to value 75%
3.40% 2 Year Fixed Rate (30.09.12), loan to value 70%

Colin Franklin, Sales and Marketing Director at the Coventry, said: "Many people are looking to protect themselves against future interest rate rises. Our fantastic new capped base rate tracker offers protection for the next three years, with a great low starting rate of 3.00%".