Coventry Building Society launches BTL capped tracker

With a pay rate of just 3.80% and capped at 5.30%, both until 31.07.14, 65% LTV, £250 booking fee with £999 arrangement fee, valuation up to £700 included.

Colin Franklin, Sales and Marketing Director, Coventry Building Society, said:

"Our latest buy to let mortgage product is another great example of product innovation here at the Coventry, as there are no other capped tracker products on the market for BTL investors - this is simply unique.

"Tracking the BBR at +3.30% gives a highly competitive rate of 3.80% for two years. And, in addition to this great rate, BTL investors will also have the security of a cap, so if the base rate does increase within the 2 year period, their rate will not rise above 5.30%.

"In short - providing BTL investors with the best of both worlds".