Coventry launches new capped tracker

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 is 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%.”