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Coventry Building Society launches new mortgage range

Coventry Building Society is launching a flexible mortgage fixed at 5 per cent until April 2002 with no early redemption charges.

Available for a maximum loan to value of 95 per cent, the mortgage reverts to a rate no greater than 1 per cent above Bank of England base rate, currently 6 per cent.

Coventry is also launching a mortgage capped at 5.89 per cent until April 2006, as well as a fixed rate mortgage of 5.6 per cent to April 2003. Both of these mortgages carry an early redemption charge of 6 months interest during the discounted rate period.

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