Coventry to launch offset tracker

The Coventry is launching an offset tracker mortgage through intermediaries on Thursday June 7.

Key features of this tracker product include Flexx base rate tracker plus 0.1% until June 30, free valuation, free legal fees for remortgage and no early repayment charges.

Julie Jones, head of intermediary sales at the Coventry, says: The new offset product is ideal for borrowers who want to combine their mortgage and savings.

The product combines a low pay rate and offers the flexibility of no early repayment charges enabling them to reduce their capital without penalty.