Coventry Building Society has launched a capped base rate tracker.

It is priced at +2.49% base rate tracker until 30/06/12, (current pay rate 2.99%). It is capped at 3.99% until 30/06/12 and is available up to 65% LTV.

A legal package for remortgagors is included, as is one valuation up to £650.

The Coventry has also made a number of cuts to its existing range, with reductions of up to 0.3%.

Colin Franklin , sales and marketing director at Coventry, said: “For those wishing to take advantage of low interest rates and protect themselves in future