All the mortgages in the range have no early repayment charges.
Product details
Buy-to-let
- 5.20 per cent flexx with +0.70 per cent base rate tracker until 30 September 2009
- 5.30 per cent flexx with +0.80 per cent base rate tracker until 30 September 2009
- 5.35 per cent flexx with +0.85 per cent base rate tracker until 30 September 2011
Residential
- 4.50 per cent flexx base rate tracker until 30 September 2008, followed by +0.75 per cent base rate tracker for term
- +0.15 per cent flexx base rate tracker until 30 September 2008 (current applied rate 4.65 per cent); followed by +0.75 per cent base rate tracker for term
Colin Franklin, head of sales at the Coventry, said: “As prices of fixed rate products are beginning to rise above Bank of England Base Rate, we believe advisers will be turning to the tracker market. I am confident that the competitive pay rates, coupled with daily interest and no early repayment charges, will prove very popular with advisers and give their clients freedom and flexibility.”
