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Coventry launches tracker range

Amanda Jarvis

May 17, 2006

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.”


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