Coventry Building Society is adding a Flexx capped mortgage to its portfolio on Wednesday November 6.
The new product combines flexible features with the guarantee that the interest rate will be capped at 3.99% until 31 March 2005.
The product is at 0.95% above Bank of England Base Rate until March 31 2007. There is daily interest, no early redemption charges, free valuation, a free remortgage transfer service, a £295 arrangement fee (added on completion), up to 95% loan to value. There is limited availability.