Countrywide is to distributeMarketGuard’srate capping insurance product RateGuard.

Under the terms of the new agreement, RateGuard will be recommended to clients who are unable to remortgage but want to protect themselves against the effects of future interest rate rises.

Grenville Turner, chief executive of Countrywide, said: “RateGuard presents a huge opportunity for Countrywide to help the thousands of customers ‘trapped’ on SVRs who are unable to remortgage. For years