Coventry launches flexx capped mortgage

Key features of this product are:

- 0.85% above Bank of England Base Rate until 31 March 2010

- Current applied rate 5.60%

- Minimum rate payable 3% to 31 March 2010

- No early redemption charges

- Free valuation

- Flexible features

- Daily interest

- No arrangement fee and discounted legal fees for remortgagors

- £199 arrangement fee

- £199 booking fee