Coventry Building Society Flexx Capped mortgages 'offer flexibility'

Date:Monday 19th July 2010
Author: Max Freedman

A new range of Coventry Building Society Flexx Capped mortgages are flexible and offer a competitive rate, says an expert from the financial institution.

Ed Sadler, marketing product manager at the firm, described these deals as being "perfect" for people who want to combine low interest rates with protection from major changes to the base rate.

He made his comments after the two-year Coventry Building Society Flexx Capped mortgages deals at 2.99 per cent and 3.49 per cent interest were launched.

These are capped at 3.99 per cent and 4.49 per cent respectively and Mr Sadler hailed the peace of mind they offer customers.

He said: "Many people are looking to protect themselves against potential interest rate rises whilst benefiting from our historically low rates."

This month, Coventry Building Society also unveiled a BBR +2.5 per cent interest Tracker arrangement, which is capped at 4.99 per cent for three years and is available at up to 60 per cent loan to value.