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C&G launches new mortgage

Cheltenham & Gloucester are set to launch a new Premium Fixed Rate Mortgage on Monday.

The home loan is fixed at 3.99 per cent until November 30 2004 and is available for borrowing of £100,000 or more for LTVs up to 90 per cent.

The early repayment charge will be restricted to the length of the fixed rate period and an administration charge of £399 will apply.

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