Coventry Intermediaries has launched a buy-to-let capped tracker product.

It is priced at Bank Base Rate +3.30% and capped at 5.30% and is available at 65% LTV.

Ot comes with a £250 booking fee and £999 arrangement fee.

A valuation up to the value of £700 is included.

“Our latest buy-to-let product is another great example of product innovation here at the Coventry, as there are no other capped tracker products on the market for buy-to-let investors – this is simply unique,” said Colin Franklin (pictured), managing director, Godiva Mortgages.

“Tracking the BBR at +3.30% gives a highly competitive rate of 3.80% for two years. And, in addition to this great rate, buy-to-let investors will also have the security of a cap, so if the base rate does increase within the two-year period, their rate will not rise above 5.30%. In short – providing buy-to-let investors with the best of both worlds.”