Coventry launches new offset tracker

Key features of this highly competitive product are:

- +0.75% above Bank of England Base Rate until 31 May 2009

- Current applied rate 4.75%

- No early redemption charges

- Free valuation

- Free remortgage transfer service

- Daily interest

- No arrangement fee

- £199 booking fee

The new product is available to borrowers who want to combine their mortgage and savings and benefit from this increasingly popular type of mortgage.

Mortgage introducers should telephone the Coventry Intermediary Sales Team on 0845 776 7825.