Coventry Building Society mortgage "perfect"

Date:Monday 26th April 2010
Author: Max Freedman

The Capped BBR Tracker mortgage from the Coventry Building Society has been described as ideal for many potential homeowners by a spokesperson from the firm.

It offers customers a base rate tracker of +2.49 per cent - with the current pay rate standing at 2.99 per cent - but has capped the interest at 3.99 per cent until the end of June 2012.

Colin Franklin, sales and marketing director at Coventry Building Society, hailed the product as an example of the company's innovative approach to lending, which is seeing it set the standard in the sector.

"For those wishing to take advantage of low interest rates and protect themselves in future, our capped base rate tracker mortgage is perfect," he added.

The Capped BBR Tracker is available for up to 65 per cent loan-to-value deals.

Last week, the firm revealed that it has cut its two-year fixed-rate buy-to-let mortgage product from 4.74 per cent to 4.59 per cent.