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Coventry launches new offset mortgage

Coventry Building Society launches a new offset mortgage.

Key features of this fixed rate product include

5.35 per cent fixed until March 31 2007, followed by +0.75 per cent above Bank of England Base Rate for the term.
Free valuation and discounted remortgage transfer service.
Daily interest calculation is on offer too.
The arrangement fee is 199.
Early redemption charges are in place at 2 per cent of balance redeemed to March 31 2007

The new product is available to borrowers who want to combine their mortgage and savings to benefit from this increasingly popular mortgage.

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