Woolwich have released details of a new and innovative mortgage that has the optional addition of a protective rate cap.
The aptly titled, 'Track and Cap' deal will be available at 0.23 per cent above the base rate and can be capped at 5.99 per cent.
A spokesman for Woolwich commented: "With this deal you still get all the benefits of a base rate tracker in terms of flexibility but with the added benefit of protection for the first two years after completion."