Coventry has today (April 23rd) launched a capped base rate tracker mortgage, which the provider has claimed offers the "best of both worlds".
Indeed, Coventry has insisted that its latest mortgage product combines the best features of a base rate tracker and a fixed-rate mortgage - a low initial starting rate and protection if interest rates begin to climb.
The provider stated that the new deal offers a "great alternative" to current fixed-rate products on the UK mortgage market, as well as being a viable option for those consumers who hope to remortgage away from their present standard variable rate .
Colin Franklin, sales and marketing director at Coventry, said: "For those wishing to take advantage of low interest rates and protect themselves in future, our capped base rate tracker mortgage is perfect."
Coventry Building Society announced in March that it is to merge with the Stroud and Swindon Building Society to create a society under the Coventry brand.
Coventry launches new base rate tracker mortgage
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Coventry launches new base rate tracker mortgage
Fri, 23 Apr 2010
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