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Coventry Building Society – 4.99% Capped Rate

Type:
Capped rate tracker mortgage

Capped term:
Until December 31, 2006

Capped rate:
4.99%

Tracker term:
Lifetime of loan

Tracker rate:
0.69% above Bank of England base rate

Payable rate:
4.99%

Minimum loan:
£1,500

Maximum loan:
Up to 9%% of valuation subject to a maximum of £200,000,
up to 85% of valuation subject to a maximum of £300,000,
up to 75% of valuation subject to a maximum of £500,000,
up to 70% of valuation subject to a maximum of £1m

Income multiples: Up to 95% of valuation &#45 up to 3.75 times principal income plus second or 2.85 times joint, up to 75% of valuation &#45 up to four times principal income plus second or three times joint

Conditions: Capital repayments of up to 5% a year allowed without penalty, arrangement fee waived for remortgages, free valuation up to £650

Arrangement fee:
£250 plus £199 booking fee

Redemption fee:
2% of mortgage balance until December 31, 2007

Introducer&#39s fee:
Subject to negotiation

Tel: 0845 776 7825

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