The product details are:
Flexx Capped at 3.99% for 2 years (30.06.12), initial pay rate 2.99%, loan to value 65% Flexx Capped at 4.49% for 2 years (30.06.12), initial pay rate 3.49%, loan to value 75%
The society is also launching further fixed and Flexx for Term rates including:
2.89% Flexx for Term, loan to value 65%
3.15% Flexx for Term, loan to value 75%
3.99% 3 Year Fixed Rate (30.09.13), loan to value 70%
Ed Sadler, marketing product manager at Coventry Building Society, said: "Many people are looking to protect themselves against potential interest rate rises whilst benefiting from our historically low rates, and our new Flexx Capped products are perfect. Not only do they give peace of mind that payments will not exceed the capped rate, they also provide flexibility as borrowers are able to make unlimited over payments with no ERC's."
