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Coventry revamps fixed-rate loans

Coventry Building Society is overhauling its range of fixed-rate

mortgages. For customers borrowing up to 75 per cent loan to value, there

are loans fixed at 5.25 per cent until 2004 or at 5.65 per cent until 2007.

For those borrowing up to 95 per cent LTV, loans are fixed at 5.35 per cent

until 2004 or at 5.85 per cent until January 2007. All revert to Coventry&#39s

variable rate of 6.75 per cent after the fixed period.

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