New loan from B&B

A new cashback mortgage has been launched by Bradford & Bingley, offering borrowers an exclusive three per cent cashback tracker. Coventry Building Society is funding the cashback tracker mortgage offered by Bradford & Bingley, which has an initial rate of 5.74 per cent. This is worked out from the addition of the Bank of England base rate of 4.75 per cent plus 0.99 per cent for the next five years until September 30th 2010.After this time the loan reverts to a variable rate of 6.53 per